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Stock impact report

US Judge Sets June 23 Trial Date Over Boeing Crashes [Barron's]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: Barrons
In two court filings in Texas, Judge Reed O'Connor said he was vacating an April 11 deadline for Boeing and prosecutors to announce progress on a plea deal, and moving ahead with the trial over the two crashes, in which altogether 346 people died. After the accidents, all 737 MAXs were grounded for 20 months worldwide. Boeing admitted in April 2019 that its Maneuvering Characteristics Augmentation System (MCAS) -- an anti-stall software -- had been partly to blame. In a statement Tuesday, Boeing said it was still engaged in "good faith discussions" with the Justice Department regarding an "appropriate" resolution of the matter. Despite Tuesday's decision, the company could still in theory reach agreement with the prosecution on a new guilty plea, w Read more
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