Key facts
- A U.S. appeals court decertified a shareholder class action against Boeing.
- The lawsuit alleged Boeing prioritized profit over safety.
- The court found fault with the shareholders' method for calculating classwide damages.
- A separate ruling upheld the dismissal of a criminal case against Boeing linked to fatal 737 MAX crashes.
A federal appeals court on Monday decertified a shareholder class action lawsuit against Boeing, which had accused the aircraft manufacturer of prioritizing profit over safety and misrepresenting its commitment to safe aircraft prior to the mid-air cabin panel blowout on an Alaska Airlines 737 MAX 9.
The 4th U.S. Circuit Court of Appeals criticized the shareholders' methodology for demonstrating how damages could be calculated on a classwide basis.