NEW YORK–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24BA&src=ctag” target=”_blank”gt;$BAlt;/agt; lt;a href=”https://twitter.com/hashtag/classaction?src=hash” target=”_blank”gt;#classactionlt;/agt;–The law firm of Kirby
McInerney LLP announces that a class action lawsuit has been filed
in the U.S. District Court for the Northern District of Illinois on
behalf of those who acquired The Boeing Company (“Boeing” or the
“Company”) (NYSE: BA)
securities during the period from January 8, 2019 through March 21, 2019
(the “Class Period”). Investors have until June 10, 2019 to apply to the
Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that Boeing made false and misleading statements
and/or failed to disclose that (i) the 737 MAX airplanes were in fact so
less safe than previous models that they included undisclosed “hacks” in
an attempt to overcome these safety concerns created by engineering
compromises and lacked safety features which Boeing sold as “optional”
add-ons which were designed to help address these safety concerns; (ii)
that most airlines did not purchase these safety “options”; and (iii)
that the FAA handed oversight and certification of Boeing’s MCAS to
Boeing, which had a clear conflict of interest as it was rushing the 737
MAX to market.
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 this
news, Boeing’s stock price fell $47.13, approximately 11.2%, during the
next two trading days to close at $375.41 on March 12, 2019.
If you acquired Boeing securities during the Class Period, have
information, or would like to learn more about these claims, please
contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at [email protected],
or by filling out this
contact form, to discuss your rights or interests with respect to
these matters without any cost to you.
McInerney is a New York-based plaintiffs’ law firm concentrating in
securities, antitrust, and whistleblower litigation. The firm’s efforts
on behalf of shareholders in securities litigation have resulted in
recoveries totaling billions of dollars. Additional information about
the firm can be found at Kirby McInerney’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.