$6.3M Settlement In Boeing Max Jet Derivative Suit Gets Preliminary Approval

(September 1, 2022, 1:47 PM EDT) -- CHICAGO — A federal judge in Illinois on Aug. 25 granted preliminary approval of a $6.25 million settlement in a shareholder derivative lawsuit against 26 current and former executive officers and directors of Boeing Co. alleging that the defendants issued misrepresentations regarding the development and operation of Boeing’s new 737 MAX airlines, ruling that the settlement is fair, reasonable and adequate and in the best interests of both the company and its shareholders....