A judge in the United States ruled that Boeing Company (BA.US) must face a class-action lawsuit from shareholders.

Last Friday, a U.S. federal judge ruled that Boeing Company (BA.US) must face a class-action lawsuit by shareholders accusing the company of exaggerating its promises to manufacture safe aircraft and deceiving investors. According to reports, U.S. District Judge Leonie Brinkema in Alexandria, Virginia, allowed a group of shareholders led by the Rhode Island chief financial officer to sue Boeing Company collectively for damages. These shareholders held Boeing Company stock between January 7, 2021, and January 8, 2024. On January 5, 2024, an Alaska Air Group, Inc. Boeing Company 737 MAX 9 aircraft experienced a mid-air emergency when an inlaid emergency door detached from the cabin side. This incident led the Federal Aviation Administration to restrict production of Boeing Company's best-selling aircraft and review the company's safety measures. The Boeing Company shareholders claimed that the company's misleading comments on aircraft safety following two fatal crashes of the 737 Max planes in October 2018 and March 2019 inflated its stock price. The shareholders had sought to start the class-action lawsuit period in 2019. However, Leonie Brinkema ruled that the class-action period should begin after Boeing Company resolves the criminal case with the U.S. Department of Justice regarding the safety of the 737 Max.