Security Investigation

The Boeing Company (NYSE: BA)

28 Days left to seek lead plaintiff status.

Company Name:The Boeing Company
Stock Symbol:NYSE: BA
Court:Eastern District of Virginia
Class Period Start:10/23/2019
Class Period End (inclusive):01/24/2024
Filing Deadline:04/01/2024

Contact a Lawyer Now

(877) 515-1850

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until April 1, 2024 to file lead plaintiff applications in a securities class action lawsuit against The Boeing Company (NYSE: BA).

Boeing and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

On January 5, 2024, a Boeing 737 Max 9 aircraft was forced to make an emergency landing soon after takeoff when a panel of the plane snapped off at 16,000 feet, leaving an open hole in the main cabin. Subsequent investigations revealed potential problems with the Company’s manufacturing and production processes, leading to the grounding of many 737 MAX 9 aircraft and additional regulatory and market scrutiny. Finally, on January 24, 2024, the Federal Aviation Administration announced that the Company would not be allowed to expand production of the 737 MAX due to ongoing safety concerns.

On this news, the price of Boeing’s shares fell $12.25 or 5.7%, to close at $201.88 on January 25, 2024.

If you purchased shares of Boeing and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.

The case is State of Rhode Island Office of the General Treasurer, on behalf of the Employees’ Retirement System of the State of Rhode Island v. The Boeing Company, No. 24-cv-00151.

Click here to read the first filed complaint.