NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of shareholders of
The Boeing Company (NYSE: BA) resulting from allegations that Boeing may
have issued materially misleading business information to the investing
public.
On October 29, 2018, a Boeing 737 Max 8 jet operated by the Indonesian
airline Lion Air crashed shortly after takeoff, killing all passengers
and crew. On November 12, 2018, post-market, The Wall Street
Journal published an article, 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” and reporting 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[.]” Over the 11 days following the publication of the WSJ
article, Boeing’s stock price fell a total of $44.71 per share, or
roughly 12.5%, to close at $312.32 per share on November 23, 2018.
On March 10, 2019, 157 people perished after an Ethiopian
Airlines-operated Boeing 737 Max 8 jet crashed in Addis Ababa, Ethiopia
shortly after takeoff. In the wake of the crash, regulators in China and
several other countries grounded all Boeing 737 Max 8 jets. On March 11,
2019, Boeing’s stock price fell $22.53, or over 5%, to close at $400.01.
The following day, Boeing’s stock price fell an additional $24.60 per
share, or 6.15%, closing at $375.41 on March 12, 2019. On March 13,
2019, the Federal Aviation Administration ordered all Boeing 737 Max 8
and Max 9 jets to be temporarily grounded.
Rosen Law Firm is preparing a class action lawsuit to recover losses
suffered by Boeing investors. If you purchased shares of Boeing please
visit the firm’s website at http://www.rosenlegal.com/cases-register-1547.html
to join the class action. You may also contact Phillip Kim Rosen Law
Firm toll free at 866-767-3653 or via email at [email protected]
or [email protected].
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or on Facebook: https://www.facebook.com/rosenlawfirm/.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013. Rosen
Law Firm has secured hundreds of millions of dollars for investors.
Contacts
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275
Madison Avenue, 34th Floor
New York, NY 10016
Tel:
(212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
