Boeing Pleads Guilty: Why BA Stock Is Up on Criminal Case News
Boeing (NYSE:BA) stock is in the news Monday after the airplane manufacturing company agreed to plead guilty in a lawsuit with the Department of Justice (DOJ).Boeing has reached an agreement with the DOJ to plead guilty to a criminal fraud charge. This is tied to two crashes of its Boeing 737 Max jets that resulted in the death of 346 people.According to the DOJ charges, Boeing broke an agreement with the government that protected it from litigation for three years. The DOJ is seeking a $243.6 million fine ...