Investigation Overview
February 18, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of The Boeing Company (NYSE:BA) was announced over potential breaches of fiduciary duties by certain directors at The Boeing Company. The investigation by a law firm concerns whether certain Boeing directors breached their fiduciary duties and caused damage to the company and its shareholders.
On February 11, 2016, news reports disclosed that the U.S. Securities and Exchange Commission (SEC) is reportedly investigating whether the Boeing Company properly accounted for the costs and estimated sales of two of its most renowned airplanes. Specifically, the SEC investigation reportedly concerns projections the Boeing Company made about the long-term profitability for its 787 Dreamliner and the 747 jumbo aircraft, and whether the Boeing Company has inappropriately smoothed earnings and concealed potential losses in past financial reports. Shares of the Boeing Company (NYSE:BA) declined on February 11, 2016, to $10.210 per share.