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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Boeing Co | NYSE:BA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
6.74 | 3.93% | 178.20 | 178.90 | 172.2501 | 172.40 | 10,288,818 | 00:12:42 |
By Dave Michaels and Andrew Tangel
Boeing Co. has reached a $2.5 billion settlement with the Justice Department in which it plans to admit wrongdoing to resolve a criminal investigation into whether its employees misled regulators about safety issues two deadly crashes of the 737 MAX, according to court filings.
--that resulted in
The settlement, which was filed Thursday in Dallas federal court, would lift a legal cloud that has hung over Boeing for about two years since the crashes. Federal prosecutors had been investigating Boeing's high-profile lapses in informing the Federal Aviation Administration about 737 MAX safety shortcomings before and after the tragedies.
The settlement includes a $243 million fine as well as $2.2 billion in compensation to airline customers and families of 346 people who were killed in two MAX crashes.
Write to Dave Michaels at dave.michaels@wsj.com and Andrew Tangel at Andrew.Tangel@wsj.com
(END) Dow Jones Newswires
January 07, 2021 16:40 ET (21:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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