Boeing nearing settlement with SEC related to 737 Max crashes: WSJ

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Shares of Boeing Co. BA, -3.20% edged higher in the extended session Thursday after The Wall Street Journal reported that the aerospace and defense company was seen “poised” to settle a U.S. Securities and Exchange Commission’s investigation into its 737 Max crashes a few years back. The settlement pertains to “allegedly misleading statements” from the company and then-Chief Executive Dennis Muilenburg about the jets that crashed in Indonesia in 2018 and Ethiopia in 2019, the newspaper said, citing people familiar with the matter. The Journal said that financial terms of the civil settlement, which could be announced as soon as this week, couldn’t be learned. The deal could be announced as soon as this week, the people said. Shares of Boeing ended the regular trading day down 3.2%, underperforming the S&P 500 index. SPX, -0.84%

This article was originally published by Marketwatch.com. Read the original article here.

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