قالب وردپرس درنا توس
Home / Insurance / Boeing investors reach agreement to resolve 737 MAX process: Sources

Boeing investors reach agreement to resolve 737 MAX process: Sources



(Reuters) – Boeing Co. investors have reached an agreement with current and former corporate officials to resolve a 737 MAX security oversight lawsuit, said two people familiar with the matter on Thursday.

The proposed settlement agreement. is expected to be filed in the coming days in Delaware Chancery Court and is subject to the approval of a judge, the people said. It would probably include provisions to increase internal security supervision, they said.

One of the people added that the monetary part of the agreement could be around $ 250 million and would be paid by insurance companies.

A Boeing spokesman declined to comment . Lawyers representing the plaintiffs did not immediately respond to a request for comment.

The settlement agreement was previously reported by the Wall Street Journal. investors claimed that Boeing's board had violated its fiduciary duties and acted with gross negligence by not "monitoring the safety of Boeing's 737 MAX aircraft."

to evaluate and monitor aircraft safety until after 737 MAX crashes in Ethiopia and Indonesia, 346 people were killed over a five-month period, and the fleet was grounded. had engaged in "robust and well-established" oversight of the development of the jet 02] In its motion to dismiss the complaint, oeing said that the plaintiffs ignored "the robust systems that had long been in place" to keep the board informed of significant risk issues.

"Boeing's directors also maintained this high scrutiny during a period when commercial aircraft and Boeing, in particular, had achieved ever-increasing levels of safety, "said Boeing," a trend that cannot be compared to the plaintiffs' simplified account of a "safety technology culture" that had been "deliberately dismantled". "

Since 201

9, the Boeing Board has has improved the oversight of Boeing's engineering and industrial operations and added new board members.

The settlement agreement is expected to add further oversight.

a crucial air traffic control system at the center of the two crashes from the Federal Aviation Administration.

Catalog


Source link