Boeing to Pay $200 Million to Settle SEC Investigation Related to 737 MAX Crashes

The Wall Street Journal2022-09-23

Securities regulator alleges plane maker, former CEO made misleading statements to investors about crashes and jet programDennis Muilenburg, then CEO of Boeing, attended a Senate committee hearing in ...

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Comments

Tanyl
2022-09-23
Tanyl
Boeing can buy in buy call
Gackky
2022-09-23
Gackky
SEC earn so much money easily.. i will investigate u.. u pay money and i will stop[Facepalm]
- Gackky:
  time to prepare myself for investigation work[LOL][LOL]
- HelenJanet:
  U are so cute. U are starting to do investigation work too. [LOL][LOL]
MySGX
2022-09-23
MySGX
Hmmm
V.lye
2022-09-23
V.lye
K
Rbj
2022-09-23
Rbj
Ok
- Rbj:
  ok
AngelaChan
2022-09-23
AngelaChan
Interesting
- AngelaChan:
  what's next?

Leave a comment

157

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The Justice Department conducted a separate criminal investigation that alleged a former Boeing pilot misled air-safety regulators about how the MAX's flight-control system worked.Boeing paid $2.5 billion -- most of that earmarked for airline customers and families of the crash victims -- to settle the DOJ's criminal probe. In March, a federal jury in Texas acquitted the former pilot of all criminal charges against him.After the first 737 MAX crashed in Indonesia in October 2018, Mr. Muilenburg touted the airplane's safety as regulators around the world continued to allow airlines to carry passengers on the aircraft. \"The 737 MAX is a very safe airplane and we're very confident,\" Mr. Muilenburg told Fox Business Network on Nov. 13, 2018.Mr. Muilenburg's assurances followed a Wall Street Journal article that revealed Boeing hadn't informed pilots about a new flight-control system on the 737 MAX, which accident investigators had identified as playing a significant role in the crashes.While Boeing's engineers were working on a fix to the automated cockpit feature known as MCAS, the company was publicly pointing to apparent pilot and airline-maintenance missteps that investigators also flagged as factors leading to the accidents. Air-safety regulators in the U.S. and around the world allowed the 737 MAX to keep flying as safety bulletins reminded pilots of emergency procedures that could disable the flight-control system if it misfired. Regulators grounded the plane after the second crash in March 2019.The DOJ's criminal investigation led to charges against a former Boeing pilot, Mark Forkner, who was accused of misleading federal air-safety regulators about MCAS and whether the system's details should be included in pilot manuals and training. Prosecutors alleged Mr. Forkner misled regulators to save Boeing hundreds of millions of dollars.After a trial in Fort Worth, Texas, that lasted less than a week, he was acquitted in March of all charges against him.No Boeing executives faced criminal prosecution for their roles in the 737 MAX crashes or its certification. The company's settlement agreement with the Justice Department said prosecutors didn't find pervasive misconduct involving high-level company officials.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9913910181,"gmtCreate":1663895382144,"gmtModify":1676537357969,"author":{"id":"4087109808120260","authorId":"4087109808120260","name":"Tanyl","avatar":"https://static.tigerbbs.com/174329973340cf0f5b68791ee5b08afd","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"4087109808120260","authorIdStr":"4087109808120260"},"htmlText":"Boeing can buy in buy call","listText":"Boeing can buy in buy call","text":"Boeing can buy in buy call","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913910181","repostId":2269335177,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9913998153,"gmtCreate":1663894098772,"gmtModify":1676537357502,"author":{"id":"3574326723774097","authorId":"3574326723774097","name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574326723774097","authorIdStr":"3574326723774097"},"htmlText":"SEC earn so much money easily.. i will investigate u.. u pay money and i will stop[Facepalm]&nbsp;","listText":"SEC earn so much money easily.. i will investigate u.. u pay money and i will stop[Facepalm]&nbsp;","text":"SEC earn so much money easily.. i will investigate u.. u pay money and i will stop[Facepalm]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9913998153","repostId":2269335177,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104053838,"gmtCreate":1663902950718,"gmtModify":1663902954787,"authorId":3574326723774097,"author":{"id":3574326723774097,"idStr":"3574326723774097","authorId":3574326723774097,"name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9913998153,"type":1,"supId":104051298,"prevId":0,"content":"<span class=\"s1\">time to prepare myself for investigation work[LOL][LOL]</span>","text":"<span class=\"s1\">time to prepare myself for investigation work[LOL][LOL]</span>","html":"<span class=\"s1\">time to prepare myself for investigation work[LOL][LOL]</span>"},{"id":104051298,"gmtCreate":1663896542611,"gmtModify":1663897128107,"authorId":3581735774790928,"author":{"id":3581735774790928,"idStr":"3581735774790928","authorId":3581735774790928,"name":"HelenJanet","avatar":"https://static.tigerbbs.com/1730eb70f7129a82541df3a6f640a671","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9913998153,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">U are so cute. U are starting to do investigation work too. [LOL][LOL]</span>","text":"<span class=\"s1\">U are so cute. U are starting to do investigation work too. [LOL][LOL]</span>","html":"<span class=\"s1\">U are so cute. U are starting to do investigation work too. [LOL][LOL]</span>"}],"langContent":"EN"},{"id":9913067096,"gmtCreate":1663890225815,"gmtModify":1676537355798,"author":{"id":"3581727244675977","authorId":"3581727244675977","name":"MySGX","avatar":"https://static.tigerbbs.com/f6a22f88deb287b757cb3e60419d2882","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3581727244675977","authorIdStr":"3581727244675977"},"htmlText":"Hmmm","listText":"Hmmm","text":"Hmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913067096","repostId":2269335177,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9913083047,"gmtCreate":1663889120089,"gmtModify":1676537355256,"author":{"id":"4088902048392220","authorId":"4088902048392220","name":"V.lye","avatar":"https://static.tigerbbs.com/7233306780623a2802ebfc0893c0cc52","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4088902048392220","authorIdStr":"4088902048392220"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913083047","repostId":2269335177,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9913018915,"gmtCreate":1663888595837,"gmtModify":1676537355043,"author":{"id":"3575234837042918","authorId":"3575234837042918","name":"Rbj","avatar":"https://static.tigerbbs.com/363acddaa9c1e92690a16e7dd67b6484","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3575234837042918","authorIdStr":"3575234837042918"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9913018915","repostId":2269335177,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104048718,"gmtCreate":1663888600616,"gmtModify":1663888603826,"authorId":3575234837042918,"author":{"id":3575234837042918,"idStr":"3575234837042918","authorId":3575234837042918,"name":"Rbj","avatar":"https://static.tigerbbs.com/363acddaa9c1e92690a16e7dd67b6484","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9913018915,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":9913019089,"gmtCreate":1663888357341,"gmtModify":1676537354956,"author":{"id":"3581927959461394","authorId":"3581927959461394","name":"AngelaChan","avatar":"https://static.tigerbbs.com/89cd9fc4748e9cc19bd2df211f8ced9c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581927959461394","authorIdStr":"3581927959461394"},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9913019089","repostId":2269335177,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":104048651,"gmtCreate":1663888369545,"gmtModify":1663888373322,"authorId":3581927959461394,"author":{"id":3581927959461394,"idStr":"3581927959461394","authorId":3581927959461394,"name":"AngelaChan","avatar":"https://static.tigerbbs.com/89cd9fc4748e9cc19bd2df211f8ced9c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9913019089,"type":1,"supId":0,"prevId":0,"content":"what's next?","text":"what's next?","html":"what's next?"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":157,"commentSize":9,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2269335177"}