Shareholder Lawsuit Accuses Boeing Board of Lax Oversight

Boeing (NYSE: BA) is the target of a new shareholder lawsuit that claims the company's board failed to provide adequate oversight of the company during the lead up and response to a pair of fatal 737 Max crashes. The suit, filed in Delaware state court, alleges that former CEO Denis Muilenburg misled investors and directors, arguing that the board was more concerned with negative headlines concerning the company leaking out than it was getting to the bottom of the issues that caused the crashes. The shareholders claim the board failed to press management on 737 Max engineering issues and say that some directors skipped meetings focused on safety.