Boeing pays USD 200 million to settle SEC charges over 737 Max
Boeing Co. will pay USD 200 million to settle charges that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people. The Securities and Exchange Commission said on Thursday that it charged the aircraft maker and former CEO Dennis Muilenburg with making significant misleading public statements about the plane and an automated flight-control system that was implicated in the crashes in Indonesia and Ethiopia.
Neither Boeing nor Muilenburg admitted wrongdoing, but they offered to settle and pay penalties, including USD 1 million to be paid by Muilenburg, who was ousted in December 2019, nine months after the second crash.
