The Boeing Co

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Case Summary
Company Name: The Boeing Co
Stock Symbol : NYSE:BA
Class Period Start: 01/08/2019
Class Period End: 03/21/2019
Lead Plaintiff motion: 06/10/2019
Date Filed: 04/09/2019
Type of Case: Securities Class Action
Court: U.S. District Court for the Northern District of Illinois
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the June 10, 2019 lead plaintiff deadline in a class action lawsuit filed against The Boeing Company (NYSE:BA) (“Boeing” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Illinois and investors, who purchased The Boeing Company securities between January 8, 2019 and March 21, 2019, have until June 10, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased The Boeing Company securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Boeing’s 737 MAX airplanes were not as safe as previous models, therefore Boeing included undisclosed “hacks” created by engineering compromises and the lack of safety features which Boeing sold as “optional” add-ons which were designed to help address these safety concerns; most airlines did not purchase these safety “options”; the Federal Aviation Administration granted Boeing its own oversight and certification of Boeing’s new flight control system, or Maneuvering Characteristics Augmentation Systems, which was a clear conflict of interest as Boeing was rushing the 737 MAX airplanes to market; and as a result of the foregoing, Boeing’s public statement were materially false and misleading at all relevant times.

On March 18, 2019, a report by Bloomberg revealed U.S. federal authorities began exploring a criminal investigation of how Boeing's 737 MAX was certified to fly passengers before the Ethiopian crash.

Following this news, NYSE:BA fell from $378.99 per share on March 15, 2019 to a closing price of $372.28 on March 18, 2019.

On March 21, 2019, The New York Times reported in an article entitled, "Doomed Boeing Jets Lacked 2 Safety Features That Company Sold Only as Extras", that Boeing has hidden from investors, pilots and passengers, that because of the safety compromised, Boeing created two new safety features that it sold as "extras" or "optional features" to keep cost down.

Following this news, NYSE:BA fell from $372.70 per share on March 21, 2019 to a closing price of $362.17 on March 22, 2019.

If you were negatively impacted by your investment in The Boeing Company securities between January 8, 2019 and March 21, 2019 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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