BOEING SHAREHOLDER ALERT: CLAIMSFILER Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against The Boeing Company - BA

NEW ORLEANS, Feb. 23, 2024 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds 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), if they purchased the Company's shares between October 23, 2019 and January 24, 2024, inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of Virginia.

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Boeing investors should visit us at https://claimsfiler.com/cases/nyse-ba-3/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

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.

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.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

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SOURCE ClaimsFiler