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  23 Sep 2022, 11:26

US charges Boeing with misleading investors on 737 MAX safety, fined $200 mn

 NEW YORK, Sept 23, 2022 (BSS/AFP) - US securities officials fined Boeing $200 million over the aviation giant's misleading assurances about the safety of the 737 MAX airplane following two deadly crashes, regulators announced Thursday.

Boeing agreed to the penalty to settle charges it "negligently violated the antifraud provisions" of US securities laws, the Securities and Exchange Commission said in a statement.

Boeing's former chief executive, Dennis Muilenburg, also agreed to pay $1 million to settle the same charges in the civil case.

 

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