BA - Boeing May Avoid Criminal Charges For Violating Settlement: Federal Monitor To Oversee Safety | Benzinga
Boeing Co (NYSE:BA) has reportedly been approved by the U.S. Department of Justice to avoid criminal prosecution for breaching terms of a 2021 settlement linked to issues with its 737 Max 8 model, which led to two fatal plane crashes in 2018 and 2019.
Instead, the Justice Department intends to propose Boeing a deferred prosecution agreement, typically applied to impose monitoring and compliance requirements on businesses accused of financial crimes or corruption, rather than seeking company conviction, The New York Times reported, citing people familiar with the discussions.
Check This Out: Boeing Stock Grounded After CEO Testimony To Congress: ‘Issues Before Us Today Have Real Human Consequences: Life And Death’ ...