World News: 14:30 GMT Monday 27th May 2019. [Schall Law via Globe Newswire via SPi World News]
LOS ANGELES, May 27, 2019 (GLOBE NEWSWIRE) -- , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against The Boeing Company (“Boeing” or “the Company”) (NYSE: ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's shares between January 8, 2019 and March 21, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before June 10, 2019.
If you are a shareholder who suffered a loss, .
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at , or by email at .
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Boeing’s 737 MAX airplanes were not as safe as past airplanes manufactured by the Company. Boeing attempted to work around these safety deficiencies with engineering “hacks” and “optional” safety add-ons to address concerns. Most airlines did not purchase the safety options offered by the Company. The FAA granted the Company its own oversight and certification of the new Maneuvering Characteristics Augmentation Systems, a conflict of interest based on Boeing’s rush to bring the 737 MAX to market. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Boeing, investors suffered damages.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
The Schall Law Firm Brian Schall, Esq., Sherin Mahdavian, Esq., Office: 310-301-3335Cell: 424-303-1964
The Schall Law Firm
Globe Newswire: 14:30 GMT Monday 27th May 2019
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