Leaked news about settlement discussions with Ethiopian Airlines
Seattle Times reporting that attorneys advising Ethiopian Airlines with regard to the company's claims against Boeing have advised the company that it should reject a reported settlement offer by Boeing. Among other things the article states that the Deferred Prosecution Agreement, in which Boeing made admissions of fraud and conspiracy by its employees, would provide a basis for an award of punitive damages by a jury. As well, the article states the value of the settlement offer is far below what would be projected as recovery by trial.
Also discussed are various settlement factors as seen by the airline, such as the amount of its attorneys' fees, the risks of trial, its need for cash, and others. Some of the prominent attorneys who are involved in suing Boeing are quoted in the article (by the aviation writer at Seattle Times, Dominic Gates).