EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against The Boeing Company; Investors with Losses in Excess of $100K are Encouraged to Contact the Firm - BA
NEW YORK--(BUSINESS WIRE)--May 23, 2019--
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of The Boeing Company (NYSE: BA) resulting from allegations that Boeing may have issued materially misleading business information to the investing public.
On October 29, 2018, a Boeing 737 Max 8 jet operated by the Indonesian airline Lion Air crashed shortly after takeoff, killing all passengers and crew. On November 12, 2018, post-market, TheWall Street Journal published an article, entitled “Boeing Withheld Information on 737 Model, According to Safety Experts and Others,” citing “safety experts involved in the investigation, as well as midlevel [Federal Aviation Administration] officials” and reporting that Boeing “withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month’s fatal Lion Air jet crash[.]” Over the 11 days following the publication of the WSJ article, Boeing’s stock price fell a total of $44.71 per share, or roughly 12.5%, to close at $312.32 per share on November 23, 2018.
On March 10, 2019, 157 people perished after an Ethiopian Airlines-operated Boeing 737 Max 8 jet crashed in Addis Ababa, Ethiopia shortly after takeoff. In the wake of the crash, regulators in China and several other countries grounded all Boeing 737 Max 8 jets. On March 11, 2019, Boeing’s stock price fell $22.53, or over 5%, to close at $400.01. The following day, Boeing’s stock price fell an additional $24.60 per share, or 6.15%, closing at $375.41 on March 12, 2019. On March 13, 2019, the Federal Aviation Administration ordered all Boeing 737 Max 8 and Max 9 jets to be temporarily grounded.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Boeing investors. If you purchased shares of Boeing please visit the firm’s website at http://www.rosenlegal.com/cases-register-1547.html to join the class action. You may also contact Phillip Kim Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005511/en/
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Rosen Law Firm, P.A.
Copyright Business Wire 2019.
PUB: 05/23/2019 10:55 AM/DISC: 05/23/2019 10:55 AM