Investigation on Behalf of Shareholders and Options Traders of The Boeing Company (“Boeing”)
Kessler Topaz Meltzer & Check LLP announces that a class action lawsuit is pending on behalf of purchasers of all Boeing securities between January 9, 2019 and May 8, 2019 (the “Class Period”) in the United States District Court for the Northern District of Illinois. On November 15, 2019, the Court appointed the Public Employees’ Retirement System of Mississippi as Lead Plaintiff.
Alleged Wrongful Conduct
The complaint alleges that throughout the Class Period, Boeing misled investors about the sustainability of Boeing’s core operation – the BCA – by touting its growth prospects and profitability, raising guidance, and maintaining that the 737 MAX was the safest airplane to fly the skies. Boeing made these statements all while concealing the full extent of safety problems caused by the placement of larger engines on the 737 MAX that changed the handling characteristics of the 737 MAX from previous models.
If you traded Boeing common stock and/or stock options between January 9, 2019 and May 8, 2019 and would like to learn more about the litigation, please fill out our online form or contact us at 844-887-9500.