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Boeing agreed Thursday to pay $200 million to settle Securities and Exchange Commission charges that it misled investors after two deadly 737 MAX crashes killed 346 people and brought its fleet to a 20-month standstill—the latest settlement struck by Boeing after the 737 disaster.

Key Facts

The SEC charged Boeing and its former CEO Dennis Muilenburg with making “materially misleading public statements” in the wake of two crashes of its 737 MAX in 2018 and 2019.

The SEC alleges that Boeing and Muilenburg knew the first crash was caused partly by a malfunctioning flight control feature that posed an “ongoing airplane safety issue,” but still told the public the plane was “as safe as any airplane that has ever flown the skies,” blaming the crash instead on pilot error and poor aircraft maintenance.

After the 2019 crash, the SEC says Boeing

Keep reading this article on Forbes Business.

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