What Happened
Shareholders Fail To Show Classwide Damages In Safety Over Profit Claims
A federal appeals court has decertified a shareholder class action against Boeing, citing the plaintiffs’ failure to demonstrate how damages could be calculated on a classwide basis. The lawsuit accused Boeing of prioritizing profit over safety and overstating its commitment to safe aircraft, following a mid-air cabin panel blowout on an Alaska Airlines 737 MAX 9 in January 2024. Boeing’s shares fell 8% after the incident, and the company faces a separate shareholder class action stemming from two fatal MAX crashes. The decision was reported by Reuters.