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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

737 Max 8 Crashes Shareholder Litigation

Boeing shareholders filed a class-action lawsuit accusing the company of defrauding investors by concealing safety deficiencies in its 737 Max 8 commercial aircraft, which were taken out of service worldwide after deadly crashes in October 2018 and March 2019. The lawsuit alleges Boeing “put profitability and growth ahead of airplane safety and honesty” by selling the 737 Max without all of the necessary safety features, and that the statements it issued certifying the plane’s safety “were undermined by Boeing’s conflicts of interest in having been delegated authority by the Federal Aviation Administration to examine, test, and help certify its own planes.” The lawsuit seeks damages for investors who purchased Boeing stock between January 8, 2019 and March 21, 2019.

Misconduct Type
Securities
Enforcement Agency
Non-Governmental
Contracting Party
None
Court Type
Civil
Disposition
Pending
Date of Complaint
4/9/2019
Contractors Involved Penalty
Total
Boeing Company $0
Further Information Released
Complaint 4/9/2019

See also:

Federal Contractor Misconduct Database