Stay updated with breaking news from Flight Technical. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
On the top of its record of success, DOJ won two big and highly-contested cases. The first against Elizabeth Holmes and the second against Roger Ng. In perhaps one of its most...
To embed, copy and paste the code into your website or blog: Boeing’s settlement with DOJ raises more questions than answers. While I understand that a criminal case against Boeing requires DOJ to identify one or more individuals who have committed a crime that can be fairly attributed to the Boeing corporation. The doctrine of respondeat superior is the mechanism by which this legal attribution occurs. Boeing has been praised for its remediation efforts and its end result. It clearly could have been a lot worse. In my view, it should have been a more severe enforcement action aga...
+1.50% Under the terms of the three-year deferred prosecution agreement, Boeing will pay a total criminal monetary amount of over $2.5 billion, composed of a penalty of $243.6 million and a $1.77 billion commitment to provide Boeing’s airline customers for financial losses resulting from the grounding of the 737 Max. In addition, a $500 million crash-victim beneficiaries fund will be established to compensate the heirs, relatives, and legal beneficiaries of the 346 passengers who died in the two crashes. "This is a substantial settlement of a very serious matter, and I firmly believe...
CHICAGO (dpa-AFX) - Boeing agreed to pay $2.51 billion to settle a U.S. criminal charge related to a conspiracy to defraud the U.S. Federal Aviation Administration in connection with the development
Boeing on Thursday agreed to a $2.5 billion settlement with the Justice Department over charges that it engaged in a conspiracy to defraud the FAA over its 737 Max aircraft.