An investigation on behalf of current long term investors in The Boeing Company (NYSE: BA) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 08/15/2019 -- An investigation was announced for current long-term investors in shares of The Boeing Company (NYSE: BA) concerning potential breaches of fiduciary duties by certain directors of The Boeing Company.
Investors who are current long term investors in The Boeing Company (NYSE: BA) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE: BA stocks follows a lawsuit filed against The Boeing Company over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: BA stocks, concerns whether certainBoeing directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of Illinois the plaintiff alleges that The Boeing Company concealed critical facts concerning the 737 MAX airplanes from investors, including the fact that Boeing designed and sold as "extras" or "optional features" safety features designed to prevent accidents such as the Lion Air and Ethiopian Airline crashes, that The Boeing Company also hid the fact that most airlines, including United, did not purchase these safety features, that The Boeing Company failed to disclose that Boeing had received delegated authority from the FAA over the safety analysis of the Maneuvering Characteristics Augmentation System (MCAS) – the system reportedly responsible for the crashes – that the Company delivered to the FAA, all while rushing the 737 MAX to market, and that The Boeing Company knew that it had a clear conflict of interest and that its certification was undermined by the Company's desire to rush the 737 MAX to market, despite decreased safety, in order to compete with Airbus.
Those who purchased shares of The Boeing Company (NYSE: BA) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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