Boeing Nears Deal to Avoid Criminal Trial Over 737 MAX Crashes

Published 3 hours agoBA

Boeing Nears Deal to Avoid Criminal Trial Over 737 MAX Crashes

Boeing is reportedly close to reaching a non-prosecution agreement with the U.S. Department of Justice concerning the tragic 737 MAX crashes that claimed 346 lives in 2018 and 2019. This agreement, if finalized, would enable Boeing to sidestep a criminal trial, thereby avoiding a guilty plea and its repercussions, according to Reuters.

As part of the prospective deal, Boeing may contribute an additional $444.5 million to a victims' fund, which supplements the $500 million previously paid in 2021. This comes after a previous plea deal, potentially amounting to $487.2 million in penalties, was rejected by a judge last December. The rejection was based on concerns regarding the selection of an independent monitor, highlighting the complexity and sensitivity of the ongoing proceedings.

Victims' families and their legal representatives have voiced criticism toward the Department of Justice, accusing it of undue leniency towards Boeing, despite allegations of severe misconduct. While the possibility of a non-prosecution agreement looms, the DOJ has yet to make a definitive decision, with discussions still in progress and no formal documentation exchanged as of now.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Verizon Secures Approval for Frontier Acquisition Amid DEI Program Changes

Verizon Secures Approval for Frontier Acquisition Amid DEI Program Changes

54 minutes agoVZ

Verizon Communications has received U.S. regulatory approval for its $9.6 billion acquisition of Frontier Communications. This development follows Verizon's decision to terminate its Diversity, Equity, and Inclusion (DEI) programs. Reuters reported the changes were instrumental in obtaining the necessary green light from U.S. authorities. In response to an investigation initiated by FCC Chair Brendan Carr, Verizon made several significant alterations to its DEI efforts. The company discontinued its "Diversity and Inclusion" website, removed DEI elements from employee training, and discarded workforce diversity targets. It also revised management compensation plans that had previously included incentives for workforce diversity. The investigation by the FCC stemmed from concerns that Verizon's DEI programs could complicate the approval of the Frontier acquisition. The termination of DEI initiatives aligns with broader regulatory dynamics under the Trump administration, which has been actively dismantling such programs across federal agencies and encouraging the private sector to do the same.

BIO-key Secures $3 Million Renewal with Major Defense Ministry

BIO-key Secures $3 Million Renewal with Major Defense Ministry

1 hours agoBKYI

BIO-key International, Inc. has announced a significant $3 million contract renewal with a leading government defense ministry. This substantial order reflects the ministry's continued reliance on BIO-key's biometric authentication solutions to secure access to critical information systems, further cementing the company's role in enhancing cybersecurity measures. This renewal not only underscores BIO-key's growing influence in the Europe, Middle East, and Africa (EMEA) defense sector but also highlights the company's integration efforts. The company's biometric platform has been seamlessly integrated with the ministry's virtual desktop infrastructure (VDI), providing phoneless, tokenless, and passwordless authentication capabilities optimized for secure VDI environments. As reported by Reuters, this advancement signifies BIO-key's potential for further expansion, as the ministry plans to broaden the use of these solutions across its personnel base. In the face of this promising development, BIO-key's stock remained steady at $0.833, showing no change from the previous close according to recent trading data. This reflects the stability in market perception despite the recent contract success. The company continues to strengthen its position in providing scalable authentication solutions tailored to meet the unique needs of large governmental entities.

Lobo EV Technologies Faces Nasdaq Delisting Threat

Lobo EV Technologies Faces Nasdaq Delisting Threat

1 hours agoLOBO

Lobo EV Technologies Ltd. is on the edge of potential delisting from the Nasdaq Stock Market due to its failure to meet the minimum bid price requirement. As of May 16, 2025, Lobo's stock trades at $1.07, just narrowly above Nasdaq's minimum threshold of $1.00. Nasdaq mandates this requirement to ensure a minimum level of market interest and liquidity for its listed companies. Lobo EV Technologies launched its IPO on March 21, 2024, offering 1,380,000 ordinary shares at $4.00 per share, successfully raising approximately $5.5 million, reported by GlobeNewswire. However, the stock has experienced a significant drop since then. Adding to the pressure, a lock-up period expired on September 17, 2024, allowing insiders and major shareholders to sell shares. The company's strategic financial adjustments in December 2024, including asset disposals, aimed to optimize asset management but have yet to stabilize stock performance. Despite the adjustments, Lobo EV Technologies must navigate Nasdaq's compliance regulations closely. Similar scenarios have led to delisting for other companies such as Luokung Technology Corp. If Lobo does not achieve compliance within Nasdaq's specified period, it risks suspension of trading and potential delisting. The company can appeal through Nasdaq's Listing Qualifications Hearings Panel, making this a critical juncture for stakeholders.

Tesla Welcomes Jack Hartung to Its Board of Directors

Tesla Welcomes Jack Hartung to Its Board of Directors

2 hours agoTSLA

Tesla has announced that Jack Hartung, the former Chief Financial Officer and current President and Chief Strategy Officer at Chipotle Mexican Grill, will join its Board of Directors and Audit Committee in June 2025. This appointment will expand the board to nine members, reflecting Tesla's ongoing efforts to bolster its governance structure. Hartung boasts an impressive track record at Chipotle, where he served as CFO since 2002 before retiring in March 2025. During his tenure, he was instrumental in scaling the company's footprint from fewer than 200 to over 3,500 restaurants. His strategic expertise is expected to bring valuable insights to Tesla's board, aligning with the electric vehicle maker's ambitious growth plans. Reuters reported the strategic timing of Hartung's appointment as Tesla's board faces increased scrutiny regarding oversight of CEO Elon Musk, particularly amid discussions around his future and compensation package. This move suggests a responsive strategy from Tesla as it navigates these challenges while aiming for continued expansion and innovation.