Moore Kuehn, PLLC Announces an Investigation Involving Possible Breaches of Fiduciary Duties by Officers and Directors of The Boeing Company
NEW YORK, Dec. 3, 2018 /PRNewswire/ -- Moore Kuehn, PLLC is investigating potential claims for breach of fiduciary duty involving the directors and officers of The Boeing Company (NYSE: BA). On November 12, 2018 the Wall Street Journal published an article reporting that Boeing "withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month's fatal Lion Air jet crash." In the 11 days after publication of the Wall Street Journal Article, Boeing's stock price fell a total of $44.71 per share, or roughly 12.5%, to close at $312.32 per share on November 23, 2018.
According to a federal securities lawsuit, Boeing insiders caused the company to make false and/or misleading statements and/or failed to disclose that: (i) the Company's new 737 MAX automated stall-prevention system was susceptible to deadly malfunctions; (ii) Boeing maintained inadequate internal controls to ensure the timely reporting and dissemination of such malfunctions; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Moore Kuehn encourages shareholders of Boeing to contact Justin Kuehn, Esq. by email at [email protected] or telephone at (212) 709-8245. There is no cost or obligation to you.
Moore Kuehn is a New York-based law firm with attorneys representing investors and consumers in class action litigation involving securities law violations, financial fraud, breaches of fiduciary duties, and other claims. For additional information about Moore Kuehn, please go to www.moorekuehn.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
[email protected]
(212) 709-8245
SOURCE Moore Kuehn, PLLC
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