The S.E.C. said Boeing had misled investors by suggesting that human error was to blame for two deadly crashes, and omitting the company’s concerns about the plane.
Boeing reached a $200 million settlement with U.S. securities regulators on Thursday to resolve an investigation into claims that the aircraft manufacturer and a former chief executive had deceived investors about problems with its 737 Max plane that led to two deadly crashes in 2018 and 2019.
The company’s chief executive at the time, Dennis A. Muilenburg, agreed to pay a $1 million fine as part of a separate settlement with the Securities and Exchange Commission, although the facts of the case were largely the same.
In the settlement agreement, the S.E.C. said Boeing and Mr. Muilenburg had misled investors after the first jet crashed in Indonesia in 2018 by suggesting that human error was to blame, and omitting the company’s own concerns with the plane’s