Boeing crash victims' families reject DOJ plea deal, demanding higher fines from Boeing.

TraderKnows
TraderKnows
08-01

This Wednesday, 346 families of the Boeing crash victims publicly opposed the plea agreement between Boeing and the U.S. Department of Justice, arguing that Boeing should pay a higher price.

On Wednesday, the families of 346 victims who died in two fatal Boeing 737 MAX crashes stated that a U.S. judge should reject the plea deal between the aircraft manufacturer and the Department of Justice, and demand the government seek higher fines.

On July 24th, Boeing Company finalized an agreement to plead guilty to a criminal fraud conspiracy charge and pay up to $487 million in fines after violating a deferred prosecution agreement from 2021.

Paul Cassell, an attorney representing some of the victims' families, stated in court documents that the fines were "inadequate or at least based on misleading and inaccurate accounting data." He added that the fines "failed to reflect that Boeing's crimes led to the deaths of 346 innocent victims." Cassell described this decision as "not only inaccurate but also morally reprehensible."

Another attorney representing the victims' families, Adrian Wukoivic, stated in a separate document: "We suggest that Boeing should pay a considerable fine that reflects the value of each of the 346 victims, the severe harm caused to others, and that this fine should be consistent with those imposed on other corporate criminal defendants."

The victims’ families cited a statement from O’Connor’s ruling in February 2023: "Boeing’s crimes can be considered as the deadliest corporate crime in U.S. history."

Spokespersons for Boeing and the Department of Justice did not immediately comment on the families' filings.

SKYPE TU

公众号2

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End

Wiki

Compensation

Compensation refers to the act of providing economic restitution to the affected party by the defaulting party or the responsible party in the event of a breach, negligence, or other causes resulting in a loss to the other party in financial or commercial transactions.

Organization

You Missed

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Contact Us

Social Media

Region

Region

Contact