By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
News
Trump administration denies staff shortages hampered Texas flood alert
53 minutes ago
Videos
Tesla earnings: Q1 results fall short, Musk says he will spend less time on DOGE
1 hour ago
News
Iran’s president says Israel tried to kill him during 12-day war
2 hours ago
Videos
How America’s Debt Spiral Could Spark The Next Crisis
2 hours ago
News
Jane Street to contest Indian regulator’s manipulation charges
3 hours ago
News
Donald Trump says he will hit Japan and South Korea with 25% tariffs
4 hours ago
News
Gas tanker leaks ammonia after suspected anti-Russia sabotage
5 hours ago
News
Nationwide WCM Focused Small Cap Fund Q1 2025 Commentary
6 hours ago
News
Tesla shares sink after Elon Musk says he will launch new US political party
6 hours ago
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > News > Boeing reaches deal to avoid prosecution over 737 Max crashes
News

Boeing reaches deal to avoid prosecution over 737 Max crashes

News Room
Last updated: 2025/06/04 at 6:54 PM
By News Room
Share
3 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

The US justice department has struck a deal with Boeing that allows the plane maker to avoid prosecution for defrauding aviation regulators, provided a federal judge approves the agreement, according to a securities filing.

Signed by the two parties last week and detailed in a filing to the US Securities and Exchange Commission on Wednesday, it confirms terms laid out in a tentative agreement submitted in court by the Department of Justice last month.

It allows Boeing to withdraw an earlier guilty plea, which has angered family members who lost loved ones in two fatal crashes of the 737 Max in 2018 and 2019 that claimed the lives of a combined 346 people. Boeing will pay the families $444.5mn in compensation.

The families are fighting the deal in court. Boeing acknowledged in its securities filing the agreement settled the case “subject to court proceedings”. Attorneys representing the families will brief the court by June 18, and Boeing and the DoJ will have one week to reply.

Judge Reed O’Connor’s rulings have caused twists in the case before. In 2022, he ruled that the families met the legal definition of crime victims. In December, he rejected a plea deal from July, citing a diversity, equity and inclusion provision and too little court oversight in selecting an independent monitor.

But if O’Connor signs off on the latest deal, it will bring to an end one of the DoJ’s most fraught legal tussles, which for years has frustrated the victims’ families and hung over Boeing’s efforts to turn around its business. 

The case stems from the two crashes which led regulators worldwide to ground the jet. The cause was traced to flight control software that, when triggered in error, repeatedly forced the nose of the plane downward.

Boeing agreed in July last year to plead guilty to one count of defrauding the US government for misleading the US Federal Aviation Administration regarding flaws in the software.  

The DoJ originally deferred prosecution of Boeing in 2021 after it agreed to pay $2.5bn. Prosecutors agreed to resolve the case in three years if the company co-operated with prosecutors and established a compliance programme.

But in January 2024, shortly before charges were scheduled to be dropped, a door flew off a 737 Max during a commercial flight, and prosecutors decided to pursue the case.

Read the full article here

News Room June 4, 2025 June 4, 2025
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Trump administration denies staff shortages hampered Texas flood alert

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Tesla earnings: Q1 results fall short, Musk says he will spend less time on DOGE

Watch full video on YouTube

Iran’s president says Israel tried to kill him during 12-day war

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

How America’s Debt Spiral Could Spark The Next Crisis

Watch full video on YouTube

Jane Street to contest Indian regulator’s manipulation charges

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Trump administration denies staff shortages hampered Texas flood alert

By News Room
News

Iran’s president says Israel tried to kill him during 12-day war

By News Room
News

Jane Street to contest Indian regulator’s manipulation charges

By News Room
News

Donald Trump says he will hit Japan and South Korea with 25% tariffs

By News Room
News

Gas tanker leaks ammonia after suspected anti-Russia sabotage

By News Room
News

Nationwide WCM Focused Small Cap Fund Q1 2025 Commentary

By News Room
News

Tesla shares sink after Elon Musk says he will launch new US political party

By News Room
News

Russian transport minister fired by Putin ‘dies by suicide’

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?