Another set back for Boeing as shareholders take Boeing to court for loss of value of shares
https://www.bbc.co.uk/news/business-58483150
Boeing's board of directors must face a lawsuit from shareholders over two fatal crashes involving its 737 Max plane, a US judge has ruled.
Morgan Zurn said the first crash was a "red flag" about a key safety system on the aircraft "that the board should have heeded but instead ignored".
He said the real victims were those who died and their families but investors had also "lost billions of dollars".
Boeing said it would "consider next steps".
In his ruling
the Delaware judge said: "While it may seem callous in the face of [the families'] losses, corporate law recognizes another set of victims: Boeing as an enterprise, and its stockholders.
"Stockholders have come to this court claiming Boeing's directors and officers failed them in overseeing mission-critical airplane safety to protect enterprise and stockholder value."