Thieler Law Corp advises investors with losses exceeding $100,000 of the January 28, 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 February 8, 2017 to November 13, 2018, have until January 28, 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 the Company’s new 737 MAX automated stall-prevention system was susceptible to deadly malfunctions; Boeing maintained inadequate internal controls to ensure the timely reporting and dissemination of such malfunctions; and as a result, the Company’s public statements were materially false and misleading at all relevant times.

On November 12, 2018, 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,” the article reported 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 this news, NYSE: BA fell approximately 3.4%, to close at $344.72 per share on November 14, 2018. 

If you were negatively impacted by your investment in The Boeing Company securities between February 8, 2017 to November 13, 2018 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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