Lawsuit against Boeing seeks to hold board liable for 737 Max problems

A shareholder lawsuit filed Monday accused Boeing's board of doing nothing to investigate the safety of the 737 MAX until the plane suffered a second deadly crash in 5 months. The lawsuit is the latest legal challenge facing Boeing over the 737 MAX crashes. Monday's lawsuit said the first crash was "the biggest red flag an airline manufacturer can face." The lawsuit, brought by the Kirby Family Partnership, a Boeing investor, alleges the directors breached their fiduciary duties to shareholders and seeks to hold them personally liable for damage caused to Boeing, which could run into the billions of dollars. The Kirby Family Partnership obtained internal corporate records that show the board did not take action to ensure the safety of the 737 MAX until after the second crash, according to the complaint. <br/>
Reuters
https://www.nytimes.com/reuters/2019/11/18/business/18reuters-boeing-737max-lawsuit-board.html?searchResultPosition=1
11/18/19