Boeing investors reach deal to settle safety lawsuit over 737 MAX

Boeing Co investors have reached an agreement with current and former company officers to settle a lawsuit over the safety oversight of the 737 MAX, two people familiar with the matter said on Thursday.

The proposed settlement agreement is expected to be filed in the coming days in Delaware Chancery Court, and is subject to approval by a judge, the people said. It would likely include provisions to increase internal safety oversight, they said.

One of the people added that the monetary portion of the agreement could be around $250 million, and would be paid by insurers.

A Boeing spokesperson declined to comment. Lawyers representing the plaintiffs did not immediately respond to a request for comment.