Boeing Wins Dismissal Of ERISA Claims Over Inflated Stock Prices

Mealey's (November 16, 2020, 12:35 PM EST) -- CHICAGO — A federal judge in Illinois on Nov. 12 dismissed without prejudice a putative class action against The Boeing Co., rejecting claims by participants in an employee stock ownership plan that Boeing’s failure to publicly disclose known safety problems with the 737 MAX aircraft led to inflation of the company’s stock price in violation of the Employee Retirement Income Security Act (Diane Burke, et al. v. The Boeing Company, et al., No. 19-02203, N.D. Ill., 2020 U.S. Dist. LEXIS 211450)....