A lawsuit was filed on behalf of investors in The Boeing Company (NYSE:BA) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 12/13/2018 -- An investor, who purchased shares of The Boeing Company (NYSE:BA), filed a lawsuit over alleged violations of Federal Securities Laws by The Boeing Company.
Investors who purchased shares of The Boeing Company (NYSE:BA) have certain options and for certain investors are short and strict deadlines running. Deadline: January 28, 2019. NYSE:BA investors should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The first 737 MAX 8 was delivered to customers in May 2017. The 737 MAX included a new automated stall-prevention system, designed to assist cockpit crews to avoid mistakenly raising a plane's nose dangerously high. Upon delivery, Boeing touted the 737 MAX as "chang[ing] the face of the single-aisle market".
On October 29, 2018, a Boeing 737 aircraft operated by the Indonesian airline Lion Air crashed shortly after takeoff, killing all passengers and crew.
On November 12, 2018, an article was published entitled "Boeing Withheld Information on 737 Model, According to Safety Experts and Others." Citing "safety experts involved in the investigation, as well as midlevel [Federal Aviation Administration] officials," the article reported that Boeing "withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month's fatal Lion Air jet crash."
Shares of The Boeing Company (NYSE:BA) declined to as low as $296.61 per share on November 20, 2018.
According to the complaint the plaintiff alleges on behalf of purchasers of The Boeing Company (NYSE:BA) common shares between February 8, 2017 and November 13, 2018, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 8, 2017 and November 13, 2018, the defendants made false and/or misleading statements and/or failed to disclose that Boeing's new 737 MAX automated stall-prevention system was susceptible to deadly malfunctions, that Boeing maintained inadequate internal controls to ensure the timely reporting and dissemination of such malfunctions, and that as a result, Boeing's public statements were materially false and misleading at all relevant times.
Those who purchased shares of The Boeing Company (NYSE:BA) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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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