Defendant Name:
The Boeing Company
Defendant Type:
Public Company
SIC Code:
3721
CUSIP:
09702310
Initial Case Details
Legal Case Name
In the Matter of The Boeing Company
First Document Date
22-Sep-2022
Initial Filing Format
Administrative Action
File Number
3-21140
Allegation Type
Issuer Reporting and Disclosure
Resolutions
First Resolution Date
22-Sep-2022
Headline Total Penalty and Disgorgement
$200,000,000
Related Documents:
33-11105
22-Sep-2022
Administrative Proceeding
Order Instituting Cease-And-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933, Making Findings, and Imposing a Cease-and-Desist Order
On September 22, 2022, the SEC instituted settled cease-and-desist proceedings against The Boeing Company, stating: "This matter concerns Boeing’s failure to exercise reasonable care in making
statements to the public following two fatal accidents involving its new 737 MAX line of aircraft. Those failures resulted in Boeing making materially misleading statements to investors in
November 2018 and April 2019."
2022-170
22-Sep-2022
Press Release--Administrative Proceeding
Boeing to Pay $200 Million to Settle SEC Charges that it Misled Investors about the 737 MAX
On September 22, 2022, the SEC stated that it "charged The Boeing
Company and its former CEO, Dennis A. Muilenburg, with making materially misleading public statements
following crashes of Boeing airplanes in 2018 and 2019."
34-96425
01-Dec-2022
Administrative Proceeding
Extension Order
The Commission ordered that: "the Division’s request for an extension of time until December 6, 2023 to submit a Proposed Plan of Distribution is granted."
34-96655
12-Jan-2023
Administrative Proceeding
Order Appointing Tax Administrator
The Commission ordered that: "Miller Kaplan Arase
LLP is appointed as the Tax Administrator for the QSF in the above-referenced proceeding."
34-97469
10-May-2023
Administrative Proceeding
Order Appointing Fund Administrator and Setting Administrator's Bond Amount
The Commission ordered that: "Epiq is appointed as the fund administrator . . . and shall obtain a bond . . . in the amount of $201,000,000."
34-98735
12-Oct-2023
Administrative Proceeding
Notice of Proposed Plan of Distribution and Opportunity for Comment
The Commission stated: "Notice is hereby given . . . that the Division of Enforcement has submitted
to the Commission a proposed plan of distribution (the “Proposed Plan”) for the distribution of
monies paid in the above-captioned matters."
Proposed Plan of Distribution
The Stated: "The Division of Enforcement submits this Proposed Plan of Distribution (the “Plan”) to the United States Securities and Exchange Commission (the “Commission”) . . . . This Plan provides for the distribution of a Fair
Fund (the “Fair Fund”), comprised of civil money penalties paid by The Boeing Company
(“Boeing”) and Dennis A. Muilenburg (“Muilenburg”) (collectively, the “Respondents”) in the above-captioned matters."
34-99146
12-Dec-2023
Administrative Proceeding
Order Extending Time to Enter an Order Approving or Disapproving Plan of Distribution
The Commission ordered that: "for good cause shown, the time for entering an order approving or disapproving the Plan is extended to June 28, 2024."
34-99467
05-Feb-2024
Administrative Proceeding
Order Approving Application of Fund Administrator for Payment of Fees and Expenses and Approval of Future Fees and Expenses
The Commission stated: "[I]t is hereby ORDERED . . . that OFM pay the Fund Administrator's fees and expenses of $1,125.00 from the Fair Fund . . . . Further, OFM is authorized to pay, at the direction of an Assistant Director of the Office of Distributions, any fees and expenses of the Fund Administrator from the Fair Fund . . ., so long as the total amount paid to the Fund Administrator, including the invoice to be paid, does not exceed the total amount of the approved cost proposal submitted by the Fund Administrator."
34-100222
23-May-2024
Administrative Proceeding
Order Approving Plan of Distribution
The Commission ordered that: "the Proposed Plan is approved, and the approved Plan of Distribution shall be posted simultaneously with this Order on the Commission’s website at www.sec.gov."
Plan of Distribution
The Commission stated: "The Division of Enforcement submitted this Plan of Distribution (the “Plan”) to the United States Securities and Exchange Commission (the “Commission”) . . . . This Plan provides for the distribution of a Fair Fund (the “Fair Fund”), comprised of civil money penalties paid by The Boeing Company (“Boeing”) and Dennis A. Muilenburg (“Muilenburg”) (collectively, the “Respondents”) in the above-captioned matters."
