Boeing reportedly expected to evade criminal charges for violating settlement related to 737 Max crashes [Globe and Mail, The (Toronto, Canada)]
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Boeing Company (The) (BA)
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Source: Globe and Mail, The
The U.S. Justice Department is expected to allow plane maker Boeing BA-N increase to escape criminal prosecution for violating the terms of a 2021 settlement related to the fatal 737 Max crashes in 2018 and 2019, the New York Times reported on Friday. The DOJ plans to offer Boeing a deferred prosecution agreement, which requires the company to install a federal monitor to oversee safety improvements, the New York Times reported, citing people familiar with the situation. The U.S. government is expected to extend its settlement offer to the plane maker before the end of the month, the report said. Boeing was not immediately available for comment, and a spokesperson for the DOJ declined to comment. Reuters could not independently verify the report. Boeing shares were flat in afternoon trade. In May, the DOJ said Boeing failed to “design, implement, and enforce a compliance and ethics program” to prevent violations of U.S. fraud laws. Boeing in January 2021 agreed with the DOJ
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- 4/24/24 - Beat
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- 5/17/24 - Form 8-K
- BA's page on the SEC website