Boeing ‘misled investors’ about 737 MAX



Boeing will pay $200 million ($301 million) to settle US Securities and Exchange Commission lawsuit that it misled investors about the 737 MAX grounded for 20 months after two deadly crashes killed 346 people .

The SEC also said former Boeing CEO Dennis Muilenburg had agreed to pay $US1 million ($A1.5 million).

“In times of crisis and tragedy, it is especially important that public companies and executives provide complete, fair and truthful information to the markets,” said SEC Chairman Gary Gensler.

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“The Boeing Company and its former CEO, Dennis Muilenburg, have failed to honor this most basic obligation.”


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