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Will Boeing's stock price drop over 20% by March 5, 2025 following plea deal rejection?
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Boeing Plea Deal Over 737 Max Crashes Rejected by Judge Reed C. O'Connor
Dec 5, 2024, 05:47 PM
A federal judge in the Northern District of Texas has rejected a plea agreement between Boeing and U.S. prosecutors related to two fatal 737 Max jet crashes that killed 346 people. The plea deal, which involved Boeing pleading guilty to fraud charges, was deemed insufficient by Judge Reed C. O'Connor. The rejection comes amidst concerns over Boeing's corporate culture, which has been accused of prioritizing profits over safety, according to a lawsuit by a pension fund. The decision could have significant implications for Boeing's legal and financial standing.
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