The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide.

According to the Complaint, on March 15, 2019, Boeing filed its 2019 proxy statement (the “Proxy Statement”). The Proxy Statement seeks: (i) the election of all 13 director nominees constituting the entire Boeing board of directors (the “Board”); (ii) approval, on an advisory basis, of named executive officer compensation; (iii) ratification of the appointment of the Company’s independent auditor; and (iv) certain shareholder proposals that the Board has recommended shareholders vote against, including the appointment of an independent Chairman.

The Complaint alleges that the Proxy Statement is materially false and misleading because it fails to disclose the recent crippling events and circumstances that have shaken the Company to its core, subjected the Company to virtually unlimited civil and criminal prosecution and investigation, grounded its most innovative and profitable fleet of 737 MAX jets, and, among other things, left the Company scrambling to fix its most advanced automated flight systems and controls that both paralyzed its fleet and unveiled an air of secrecy and disinformation surrounding the introduction of this fleet without the necessary warnings to and training of pilots before introduction of the new
automated systems incorporated into the design and engineering of this fleet and the method for stabilizing a plane experiencing a malfunction of these automated systems.

This case was voluntarily dismissed on April 29, 2019. A related case continues under Docket 19-CV-02394 in the Northern District of Illinois.

On June 21, 2019, the Court issued an Order consolidating cases. All future docketing was ordered to be done in the lead case 19-CV-02394. On November 15, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.

Lead Plaintiff filed a consolidated Complaint on February 14, 2020. Defendants filed a Motion to Dismiss the consolidated Complaint on June 30. On August 23, 2022, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. Lead Plaintiff was given leave to amend the Complaint.

On September 12, 2023, Lead Plaintiff filed an amended consolidated Complaint. Defendants filed a Motion to Dismiss the amended consolidated Complaint on October 16.

On September 30, 2024, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss.