Judicial cancellation of Boeing trial related to 737 tragedies following settlement with Department of Justice.
The CEOs of Boeing and GE Aerospace, Kelly Ortberg and Larry Culp respectively, express their gratitude to President Trump for facilitating a colossal $96 billion order from Qatar Airways.
In related news, the court proceedings concerning Boeing and the unfortunate crashes of its 737 MAX aircrafts, which tragically claimed nearly 350 lives, have been postponed. A federal judge, Reed O'Connor, granted the joint request of the airline and the Department of Justice (DOJ) on Monday, as per court documents obtained by FOX Business. The DOJ had filed a motion to dismiss the criminal fraud charge as part of a non-prosecution agreement.
Originally, the trial was set to commence on June 23 in Fort Worth, Texas.
Although O'Connor has yet to confer final approval on the settlement, he may reschedule the trial if he deems the deal unsatisfactory.
Boeing Evades Criminal Fraud Case, Families of Victims to Object Deal
BA
Last week, Clifford Law Offices released a statement revealing that the DOJ had sent a letter to the families, informing them about the government agency's filing of a motion to dismiss the criminal fraud matter against Boeing.
THE BOEING CO.
Justice Department Cuts Deal to Allow Boeing to Escape Criminal Charges in Fatal 737 Max Crashes
211.47
In accordance with the federal Crime Victims' Rights Act, the DOJ dispatched this letter to the bereaved families approximately a week following the announcement that the DOJ had reached a tentative agreement with Boeing, granting the company a reprieve from criminal prosecution. The accusations indicated that Boeing allegedly misled regulators about the safety of its 737 Max aircraft before the disastrous crashes in Indonesia and Ethiopia that took 346 lives.
4.15
Under the agreement, Boeing will pay out a substantial $1.1 billion, comprising $445 million allocated for a fund meant for the family members of the crash victims.
2.00%
With the resolution, the fraud charge against the aircraft manufacturer will be dropped.
Based on the company's declaration, Boeing is committed to fulfilling the obligations under this resolution, which encompass an additional substantial fine and commitments to further institutional enhancements and investments aimed at strengthening its safety system and culture.
Powered By
The agreement, finalized in 2025, also provides for substantial additional compensation for the families of the victims lost in the Lion Air Flight 610 and Ethiopian Airlines Flight 302 accidents. Boeing expressed their continued sympathy for their losses and their determination to honor their loved ones' memories by pressing forward with the significant changes to their company to enhance safety protocols.
The U.S. government stated the deal "secures meaningful accountability, delivers substantial and immediate public benefits, and brings finality to a difficult and complex case whose outcome would otherwise be uncertain."
Critics have lambasted the agreement, contending that the avoidance of criminal prosecution is an injustice for what they categorize as the deadliest corporate crime in U.S. history.
[1] Boeing Settles with the U.S. Department of Justice for $1.1 Billion
[2] Boeing 737 MAX Crashes: the U.S. Inquiry
[3] Boeing Agrees to Pay $2.5 Billion to Settle Criminal, Civil Charges Linked to Crashes
[4] Boeing, FAA Failed to Act on Safety Data from MAX Crashes, Report Says
[5] Deadly Corporate Crime: Families of 737 Max Crash Victims React to Boeing's Criminal Fraud Settlement
- The Justice Department's decision to dismiss the criminal fraud charge against Boeing, as part of a non-prosecution agreement, will allow Boeing to escape criminal charges, even though the company allegedly misled regulators about the safety of its 737 Max aircraft before the disastrous crashes.
- Boeing is committed to fulfilling the obligations under this resolution, including an additional substantial fine, commitments to further institutional enhancements and investments aimed at strengthening its safety system and culture.
- Under the agreement, Boeing will pay out a substantial $1.1 billion, comprising $445 million allocated for a fund meant for the family members of the crash victims, as part of their efforts to honor the memory of the victims and enhance safety protocols.