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The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of The Boeing Company ("Boeing" or the "Company") (NYSE: BA) concerning whether the board breached its fiduciary duties to shareholders.
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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[.]"
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 13, 2019, the Federal Aviation Administration ordered all Boeing 737 Max 8 and Max 9 jets to be temporarily grounded.
Our investigation concerns whether the Company’s board of directors breached its fiduciary duties to shareholders and/or grossly mismanaged the Company in connection with the above alleged misconduct.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Boeing shares before January, 2017 and wish to discuss this matter with us, or have any questions concerning your rights and interests with regards to this matter, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to email@example.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200730005362/en/