In October 2018, a new737 Max flying for Lion Air crashednear Jakarta, Indonesia, killing 189 people.
The 737 Max’s Maneuvering Characteristics Augmentation System (MCAS) was involved in the plane crashes.
The SEC found Boeing negligently violated the antifraud provisions of federal securities laws.
The $200 million will set up a fund for harmed investors in Boeing.
The Boeing Company and its former CEO, Dennis Muilenburg, failed in this most basic obligation.
By settling, Bowing neither admits nor denies the SEC’s findings.
The737 Max grounding lasted until December 2020.
