Boeing Board Pays $6.25 Million to End Litigation Over Bylaw (1)

Boeing Co.'s board will pay $6.25 million and amend a controversial company bylaw to end litigation in two courts challenging the aerospace manufacturer’s requirement that certain shareholder lawsuits be heard in Delaware, according to federal court filings in Chicago.

Judge Harry D. Leinenweber signed off tentatively on the deal Thursday, about seven months after an appeals court revived federal derivative claims filed against Boeing’s board in Chicago by a pension fund. The appellate ruling overturned Leinenweber’s novel 2020 decision sending the dispute to Delaware.

The judge scheduled a final settlement hearing for Dec. 14. The agreement will go to a ...