Curated News
By: NewsRamp Editorial Staff
October 24, 2024
Ohio Pension Funds Sue Boeing and Former Chairman Over Plane Failures
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- Former Boeing Chairman Larry Kellner's leadership failures and lawsuit impact Boeing's financial and reputational standing.
- The lawsuit alleges that Boeing board members, including Kellner, issued false or misleading statements with the intent to deceive or defraud.
- The Ohio lawsuit aims to hold Boeing accountable for safety and compliance failures to protect investors and prioritize safety over profits.
- Attorney General Dave Yost is suing Boeing's board of directors for safety and compliance failures, including former chairman Kellner's role in the company's mishaps.
Impact - Why it Matters
The news matters because it highlights the legal actions taken against Boeing's board of directors and former chairman, Larry Kellner, for alleged safety and compliance failures. It also raises questions about Kellner's new role as head of the safety committee on ExxonMobil’s board of directors and the impact of his leadership on the company's environment and safety policies.
Summary
Former Boeing Chairman Larry Kellner, who previously led the company’s governance oversight during the Alaska Airlines door plug blowout, is now head of the safety committee on ExxonMobil’s board of directors. A shareholder in both companies, National Legal and Policy Center (NLPC), is demanding answers from Boeing and its board members about the devaluation of their investment. Attorney General Dave Yost announced a lawsuit against the Boeing board of directors, alleging a pattern of safety and compliance failures that have harmed the company and its investors.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Ohio Pension Funds Sue Boeing and Former Chairman Over Plane Failures
