CORRECTING and REPLACING Hagens Berman Files Complaint Against Boeing (BA) on Behalf of Investors Related to 737 Max Safety Disclosure Violations

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

First paragraph, second sentence of release dated April 9, 2019 should read: If you purchased or otherwise acquired Boeing securities between January 8, 2019 and March 21, 2019 and suffered losses, contact Hagens Berman Sobol Shapiro LLP (instead of If you purchased or otherwise acquired Boeing securities between January 8, 2018 and March 21, 2019 and suffered losses, contact Hagens Berman Sobol Shapiro LLP.).

The corrected release reads:

HAGENS BERMAN FILES COMPLAINT AGAINST BOEING (BA) ON BEHALF OF INVESTORS RELATED TO 737 MAX SAFETY DISCLOSURE VIOLATIONS

Hagens Berman Sobol Shapiro LLP has filed a complaint on behalf of investors in The Boeing Company (NYSE: BA) alleging disclosure violations of the Federal securities laws relating to the safety of the 737 MAX, shortcuts known by management, FAA delegated self-certification and conflicts known to management in self-certifying and the separate charges for extra but necessary safety equipment many airlines opted to forego. If you purchased or otherwise acquired Boeing securities between January 8, 2019 and March 21, 2019 and suffered losses, contact Hagens Berman Sobol Shapiro LLP.

If you wish to serve as lead plaintiff in this class action, you must move the Court no later than 60 days from April 9, 2019. For more information about the case and being a lead plaintiff, click

https://www.hbsslaw.com/cases/BA

or contact Reed Kathrein, who is leading the firms investigation, by calling 510-725-3000 or emailing

[email protected].

News concerning Boeings relatively new 737 MAX airplanes have continued to unravel following the March 10, 2019 Ethiopian Airlines flight ET302 crash and the earlier Lion Air crash.

According to the complaint filed by Hagens Berman in the United States District Court for the Northern District of Illinois, Boeing concealed critical facts concerning the 737 MAX airplanes from investors, including the fact that Boeing designed and sold as extras or optional features safety features designed to prevent accidents such as the Lion Air and Ethiopian Airline crashes. Boeing also hid the fact that most airlines, including United, did not purchase these safety features.

In addition, Boeing failed to disclose that Boeing had received delegated authority from the FAA over the safety analysis of the Maneuvering Characteristics Augmentation System (MCAS) “ the system reportedly responsible for the crashes “ that the Company delivered to the FAA, all while rushing the 737 MAX to market. Boeing knew that it had a clear conflict of interest and that its certification was undermined by the Companys desire to rush the 737 MAX to market, despite decreased safety, in order to compete with Airbus.

The deadly risk of optional safety features, in addition to the conflict of interest posed by Boeing self-certifying safety of its own planes, was intentionally hidden from investors, said Hagens Berman partner Reed Kathrein. It has now become clear that Boeing put profitability and growth ahead of airplane safety and honesty to investors.

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Boeing securities during the Class Period to seek appointment as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investors ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Whistleblowers: Persons with non-public information regarding Boeing should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].

About Hagens Berman

Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 78 attorneys in 9 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Reed Kathrein, 510-725-3000