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Boeing Company (The) (NYSE: BA) Investor Securities Class Action Lawsuit 11/13/2009

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Lawsuit Overview

Case Dismissed
Company
Boeing Company (The)
Security
NYSE: BA

Case Name
Boeing Shareholder Class Action Lawsuit 11/13/2009
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Northern District of Illinois

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

March 26, 2013 - The U.S. Court of Appeal for the 7th Circuit affirmed the judgment dismissing the suit insofar as it dismisses the suit with prejudice, but is vacated and the case remanded for consideration.
April 12, 2012 - The lead plaintiff filed a notice of appeal.

March 7, 2011 - Defendants' motion for reconsideration of the order on motion to dismiss is granted. Lead plaintiff's second amended complaint is dismissed with prejudice.

December 10, 2010 - The defendants filed a motion for reconsideration of the order on motion to dismiss.

October 14, 2010 - The court denied the defendants' motion to dismiss.

September 24, 2010 - The defendants filed another motion to dismiss.

August 10, 2010 - The court denied the defendants' motion to dismiss.

July 2, 2010 - The defendants filed a motion to dismiss.

June 22, 2010 - The court granted the lead plaintiff's motion for relief from judgement and for leave to file a second amended complaint. The lead plaintiff filed second amended complaint.

June 4, 2010 - The lead plaintiff filed a motion and memorandum of law for relief from judgment.

May 26, 2010 - The court granted the defendants' motion to dismiss.

March 25, 2010 - The defendants filed a motion to dismiss.

February 22, 2010 - The lead plaintiff filed an amended complaint.

January 15, 2010 - The lead plaintiff and lead counsel were appointed.

January 12, 2010 - Lead plaintiff motion was filed.

November 13, 2009 - An investor in shares of Boeing Company (The) (NYSE: BA) filed a lawsuit in the U.S. District Court for the Northern District of Illinois against Boeing Company (The) (NYSE:BA) over alleged violations of Federal Securities Laws.

According to the complaint the plaintiff alleges that Boeing Company (The) and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between May 4, 2009 and June 22, 2009 false and misleading statements to the market concerning the results of the testing process for the commercial jetliners “The Dreamliner 787” and Boeing Company (The)’s ability to meet the schedule for the first flight and delivery of the Dreamliner 787.

Boeing Company (The), located in Chicago, is involved in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services. Boeing Company (The) (NYSE: BA) reported in 2007 Total Revenue of $66.387billion with a Net Income of $4.074billion and in 2008 Total Revenue of $60.909billion with a Net Income of $2.654billion. Shares of Boeing Company (The) traded recently at $52.08 per share, down from its 52weekHigh of $55.48 per share. Boeing Company (The) (NYSE: BA) shares reached $85.69 per share and $104.99 per share.