Boeing Misled Investors About 737 MAX Safety, Lawsuit Says (1)

Boeing Co. presented its troubled 737 MAX airplane to government regulators and investors as safe, leading to significant stock losses after deadly crashes and other developments came to light, institutional investors associated with TIAA-CREF allege.

Boeing violated securities laws in doing so, the College Retirement Equities Fund and numerous allied funds say in the complaint, filed Monday in the US District Court for the Northern District of Illinois.

“The 737 MAX was a remodeled version of one of Boeing’s other airplanes and was rushed to market to compete with a new, more fuel-efficient airplane” made by Airbus SE, the investors ...