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Will Boeing's stock price increase within one week of criminal fraud charges announcement?
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Story
Boeing Faces Criminal Fraud Charges Over 2018 and 2019 737 Max Crashes, $243.6M Fine Sought
Jun 30, 2024, 08:11 PM
Boeing is in discussions with the U.S. Justice Department to resolve potential charges related to two fatal crashes of its 737 Max jetliners in 2018 and 2019. U.S. prosecutors have been meeting with Boeing and crash victims as a decision on criminal charges looms. The Justice Department is pushing for Boeing to plead guilty to a criminal fraud charge, alleging that the company violated a previous settlement. Boeing has been given until the end of the week to decide whether to plead guilty or face trial. The Justice Department is also seeking an additional $243.6 million fine as part of the settlement.
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