Boeing shareholders have proposed what’s thought to be one of the largest derivative settlements in history, with a stipulation to a $237.5 million payment from the company’s insurers filed in the Delaware Court of Chancery.

If approved by Vice Chancellor Morgan Zurn, the agreement would conclude litigation by shareholders who argue Boeing should have had more oversight over the 737 MAX aircrafts that resulted in two mass-casualty crashes, also requiring the company to implement new safety and oversight measures.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]