Neither Boeing nor its former CEO Dennis Muilenburg admitted wrongdoing, but are agreeing to orders including penalties of $200 million for Boeing and $1 million for Muilenburg.
Boeing Co. will pay $200 million to settle charges that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people.
The SEC said Boeing and Muilenburg knew that the flight system, known as MCAS, posed a safety issue but promised the public that the plane was safe. The SEC said they also falsely claimed that there had been no gaps in the process of certifying the plane in the first place. "Today's settlement is part of the company's broader effort to responsibly resolve outstanding legal matters related to the 737 Max accidents in a manner that serves the best interests of our shareholders, employees and other stakeholders," said the Arlington, Virginia-based company.
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Boeing pays $200 million to settle SEC charges over 737 MaxBoeing Co. will pay $200 million to settle charges that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people. The Securities and Exchange Commission said Thursday that it charged the aircraft maker and former CEO Dennis Muilenburg with making significant misleading public statements about the plane and an automated flight-control system that was implicated in the crashes in Indonesia and Ethiopia.
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Boeing to pay $200 million to settle charges it misled investors following 737 Max crashes, SEC saysU.S. securities regulators say Boeing Co. and former Chief Executive Dennis Muilenburg have settled some charges in an investigation related to the aerospace...
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Boeing agrees to pay $200 million for misleading the public about the 737 MaxBoeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and Exchange Commission that they misled the public about the safety of the 737 Max following two fatal crashes in 2018 and 2019.
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Boeing agrees to pay $200 million for misleading the public about the 737 MaxBoeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and Exchange Commission that they misled the public about the safety of the 737 Max following two fatal crashes in 2018 and 2019.
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Boeing agrees to pay $200 million for misleading the public about the 737 Max | CNN BusinessBoeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and Exchange Commission that they misled the public about the safety of the 737 Max following two fatal crashes in 2018 and 2019.
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Boeing to cut around 150 finance jobs in USBoeing had a total of approximately 142,000 employees at the end of 2021. The cuts are unrelated to its plan to move the company's corporate headquarters from Chicago to Virginia.
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