NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential derivative claims against members of the senior management and Board of Directors of The Boeing Company ("Boeing") (NYSE:BA) concerning Boeing's inability to comply with manufacturing quality control requirements.
In October 2018, Lion Air flight 610 crashed killing all 189 people on board. Then in March 2019, Ethiopian Airlines flight 302 crashed killing all 157 people on board. Both crashes involved Boeing's 737 Max aircraft and subsequent investigations found the crashes were caused by problems within certain portions of the aircraft's software. In 2019, a derivative case was filed against Boeing's directors that described how Boeing "decided to dismantle their lauded safety-engineering corporate culture in favor of what became a financial-engineering corporate culture." The complaint highlighted that House Committee on Transportation ...