Lawsuit filed for Investors who lost money with shares of The Boeing Company (NYSE: BA)

An investor, who purchased shares of The Boeing Company (NYSE: BA), filed a lawsuit over alleged violations of Federal Securities Laws by The Boeing Company in connection with certain allegedly false and misleading statements.

Investors who purchased shares of The Boeing Company (NYSE: BA) have certain options and for certain investors are short and strict deadlines running. Deadline: April 1, 2024. NYSE: BA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Approximately five years ago, two Boeing 737 MAX 8 planes were involved in fatal crashes caused by malfunctions due to design flaws in the 737 MAX's flight control software.
On October 23, 2019, The Boeing Company announced that it was making progress towards the safe return to service of the 737 MAX.

On January 5, 2024 a panel called a "door plug" flew out of the side of a Boeing 737 MAX 9 (a variant of 737 MAX) during Alaska Airlines Flight 1282. This left a gaping hole in the plane's main cabin, feet from where passengers were sitting.
Over the next few weeks, investigations into the incident continued and problems with such door plugs on other Boeing 737 MAX planes were discovered including loose bolts holding the door plugs in place, further revealing the Company's manufacturing and production missteps and leading to the grounding of many 737 MAX 9 planes.

Shares of The Boeing Company (NYSE: BA) declined from $267.54 per share on December 21, 2023, to $198.32 per share on January 25, 2024.

The plaintiff claims that between October 23, 2019 and January 24, 2024, the Defendants made false and misleading statements about the Company's safety and quality efforts, that Boeing failed to disclose that it had been prioritizing its profits over safety, which led to poor quality control standards in the production of its commercial aircraft such as the 737 MAX, resulting in a heightened risk of manufacturing flaws which could render the Company's new airplanes unsafe, and that the Company's allegedly false and misleading statements caused Boeing stock to trade at artificially inflated prices between October 23, 2019 and January 24, 2024.

Those who purchased shares of The Boeing Company (NYSE: BA) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice nd should not be relied upon.

This release was published on openPR.