Pomerantz LLP is investigating claims on behalf of investors of The Boeing Company ("Boeing" or the "Company"). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether Boeing and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On October 29, 2018, a flight operated by the Indonesian airline Lion Air crashed shortly after takeoff, killing all passengers and crew. On November 12, 2018, post-market, The Wall Street Journal published an article entitled "Boeing Withheld Information on 737 Model, According to Safety Experts and Others." Citing "safety experts involved in the investigation, as well as midlevel [Federal Aviation Administration] officials," the article reported that Boeing "withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month's fatal Lion Air jet crash." Following this news, Boeing's stock price fell sharply during intraday trading on November 13, 2018.