INVESTOR ALERT: Kirby McInerney LLP Continues Investigation of Shareholder Claims Against The Boeing Company
March 20 2019 - 8:00PM
Business Wire
The law firm of Kirby McInerney LLP is investigating potential
claims against The Boeing Company (“Boeing” or the “Company”)
(NYSE: BA). This investigation concerns whether Boeing has violated
federal securities laws and/or engaged in other unlawful business
practices.
On October 29, 2018, a Boeing 737 Max 8 jet operated by the
Indonesian airline Lion Air crashed shortly after takeoff, killing
all passengers and crew. On November 12, 2018, post-market, the
Wall Street Journal published an article titled “Boeing Withheld
Information on 737 Model, According to Safety Experts and Others,”
citing “safety experts involved in the investigation, as well as
midlevel [Federal Aviation Administration] officials” and reporting
that Boeing “withheld information about potential hazards
associated with a new flight-control feature suspected of playing a
role in last month’s fatal Lion Air jet crash[.]” Over the 11 days
following the publication of the Wall Street Journal article,
Boeing’s stock price fell a total of $44.71 per share, or roughly
12.5%, to close at $312.32 per share on November 23, 2018.
On March 10, 2019, 157 people perished after an Ethiopian
Airlines-operated Boeing 737 Max 8 jet crashed in Addis Ababa,
Ethiopia shortly after takeoff. In the wake of the crash,
regulators in China and several other countries grounded all Boeing
737 Max 8 jets. On March 11, 2019, Boeing’s stock price fell
$22.53, or over 5%, to close at $400.01. The following day,
Boeing’s stock price fell an additional $24.60 per share, or 6.15%,
closing at $375.41 on March 12, 2019. On March 13, 2019, the
Federal Aviation Administration ordered all Boeing 737 Max 8 and
Max 9 jets to be temporarily grounded in the U.S.
If you acquired Boeing securities, have information, or would
like to learn more about these claims, please contact Thomas W.
Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20190320005838/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
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