Boeing Turns Over 737 Max Safety Records to End Investor Probe

Oct. 10, 2024, 5:16 PM UTC

Boeing Co. has turned over a tranche of corporate records to end preliminary legal action by pension funds eyeing shareholder litigation over its 737 Max jetliner’s safety woes.

Two Ohio public employee retirement systems dropped their Delaware lawsuit demanding internal documents from the aerospace giant, saying the company had “substantially completed” the disclosures they sought. The suit invoked a law that gives investors broad access to corporate files if they have credible but preliminary suspicions of wrongdoing by board members or executives. The move averted a Nov. 26 trial.

Records cases typically reflect an attempt to drum up fiduciary breach ...

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