Hagens Berman Updates Boeing (BA) Investors in Class Action Investigation, Encourages Investors to Contact the Firm

05/20/2019

San Francisco, CA - Hagens Berman Sobol Shapiro LLP, with nine offices in eight cities, and eighty attorneys around the country, updates investors in The Boeing Company (NYSE: BA) concerning the additional investigation for  the class action complaint Seeks v. The Boeing Company, No. 19-cv-02394, filed by Hagens Berman in the United States District Court for the Northern District of Illinois.  The additional investigation is centered on Boeing’s executives’ knowledge concerning the now admitted “flaw” in the 737 MAX flight simulator software.

If you purchased or otherwise acquired Boeing securities between January 8, 2019 and March 21, 2019, you may qualify to be a lead plaintiff – one who selects and oversees the attorneys prosecuting the case.  If you wish to serve as lead plaintiff in this class action, you must move the Court no later than June 10, 2019 (the “Lead Plaintiff deadline”).  Contact Hagens Berman immediately for more information about the case and being a lead plaintiff:

https://www.hbsslaw.com/cases/BA

or contact Reed Kathrein, who is leading the firm’s prosecution of this case, by calling 510-725-3000 or emailing

BA@hbsslaw.com.

Hagens Berman’s ongoing investigation includes the extent of Boeing senior executives’ knowledge concerning (1) the newly revealed safety alert issues known by Boeing for over a year before telling the FAA and Airlines, (2) matters reported by Bloomberg Businessweek on May 9, 2019 - former Boeing engineers reportedly say relentless cost-cutting sacrificed safety of 737 MAX aircraft, and (3) more recent reports that Boeing admitted to design flaws in its 737 MAX flight simulator software.

Based on these reports, Hagens Berman is considering whether the Class Period should be expanded to include investors who purchased or otherwise acquired Boeing securities after March 21, 2019.

Whistleblowers:  Persons with non-public information regarding Boeing should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email BA@hbsslaw.com.

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About Hagens Berman
Hagens Berman is a nationwide law firm that represents investors, whistleblowers, workers and consumers in complex litigation.  More about the firm and its successes is located at hbsslaw.com.  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 510-725-3000


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04/09/19: Complaint Filed