Ohio Sues Boeing Board Alleging ‘Toxic’ Culture Harmed Investors

Ohio Attorney General Dave Yost is suing Boeing Co.’s board of directors in an effort to hold them accountable for an alleged “pattern of safety and compliance failures” that has harmed the company and investors.

The lawsuit, filed Monday in the US District Court for the Eastern District of Virginia and announced Tuesday, said the aerospace company’s board members and senior managers knew about safety problems from whistleblower complaints and failed to implement adequate measures to address the vulnerabilities. This resulted in a breach of fiduciary duty and federal securities law violations, according to the suit, filed on ...