Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Robinhood (HOOD) sees surge in Bitcoin (BTC), Gold prediction markets as traders move beyond sports

    October 24, 2026

    Trump Official Britt McHenry Caught On Video Appearing To Throw Beer At Fan During NBA Game

    October 24, 2026

    A Garage Cleanout That Actually Gets Finished

    October 24, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Robinhood (HOOD) sees surge in Bitcoin (BTC), Gold prediction markets as traders move beyond sports
    • Trump Official Britt McHenry Caught On Video Appearing To Throw Beer At Fan During NBA Game
    • A Garage Cleanout That Actually Gets Finished
    • ADHD Medication Could Slash Death Risk, Huge Study Finds
    • Moz & Profound Partner to Connect SEO and AI Visibility
    • Agent cloud startup Daytona hits $1B valuation backed by FirstMark and a who’s who of angels
    • Why Facial Recognition Won’t Replace MagicBands at Disney World
    • Bernie Sanders Trolls Trump’s New Anti-Fraud Program With A Damning Tip Of His Own
    Facebook X (Twitter)
    SBM Global News
    Demo
    • Home
    • Top Stories
      • Politics
    • Business
      • Small Business
      • Marketing
    • Finance
      • Investment
    • Technology

      Agent cloud startup Daytona hits $1B valuation backed by FirstMark and a who’s who of angels

      October 24, 2026
      Read More

      Tesla says it will start selling Cybercabs by end of year

      October 22, 2026
      Read More

      Eric Schmidt reportedly owns about half as much of Anthropic as CEO Dario Amodei

      October 21, 2026
      Read More

      Vaden Consultancy – Company Profile

      October 20, 2026
      Read More

      No agenda, no rush, no leaving San Francisco: Benchmark’s partners on investing in a frenzied market

      October 19, 2026
      Read More
    • Lifestyle
      • Travel
    • Feel Good
    • Get In Touch
    SBM Global News
    Demo
    Home»Business»Boeing Plea Deal Involving 737 Max: What to Know and What Comes Next
    Business

    Boeing Plea Deal Involving 737 Max: What to Know and What Comes Next

    By Staff WriterJuly 9, 20246 Mins Read
    Facebook Twitter LinkedIn Reddit Email
    #image_title
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Boeing’s announcement on Sunday that it had agreed to plead guilty to a federal criminal charge as part of a deal with the Justice Department was the culmination of a yearslong crisis involving the company’s 737 Max plane.

    The agreement may help Boeing put to rest a federal case stemming from two fatal crashes of the 737 Max in 2018 and 2019. But the deal is not the final word on that saga and may have little impact on other problems, including questions about the company’s production quality that were brought to light when a panel blew out of a Max jet during a January flight.

    Here’s what else to know about Boeing’s deal with federal prosecutors and other challenges the company is dealing with.

    What is expected to happen next?

    Boeing and the Justice Department first reached an agreement in 2021 about the two crashes that allowed the company to avoid criminal charges. But federal prosecutors this year said that the company had violated the terms of that agreement and came up with a new one, which was agreed to in principle on Sunday.

    Under the latest agreement, Boeing would plead guilty to conspiring to defraud the federal government. The company would also agree to an independent monitor, three years of probation and additional financial penalties. That includes a $487.2 million fine, half of which could be forgiven because of Boeing’s earlier fine payments.

    But the arrangement is not yet official.

    “Sometimes people hear that there’s been a plea agreement and think that things are finalized, but that’s not necessarily true,” said Kya M. Henley, a lawyer specializing in white collar crime and former public defender.

    A formal agreement is expected to be filed in a federal court in the coming days and the judge overseeing the case will then review the deal, which many of the families of the people who died on the two crashes strongly oppose.

    If the judge sides with the families, Boeing and the Justice Department will have to come up with a new deal.

    Otherwise, a monitor will be chosen by an independent committee, with the final decision made by the deputy attorney general, Lisa Monaco. The Justice Department has said it would solicit the names of candidates for the job from the public and consider feedback from Boeing.

    Why are the families unhappy and what can they do?

    The families have said they remain deeply disappointed with the way the Justice Department handled the case against Boeing. Despite getting the company to plead guilty to a criminal charge, prosecutors failed to hold the company or executives accountable for the deaths of the 346 people in the two crashes, lawyers for the families said.

    “We don’t think the deal is adequate,” said Erin Applebaum, a lawyer who represents 34 of the families who lost loved ones in the second crash, in Ethiopia. “We don’t think that it properly addresses the root cause of the problems at Boeing.”

    Ms. Applebaum said that the only way to enact meaningful change at Boeing would be to take action that affects its bottom line, which would mean imposing larger fines and more severe consequences. She also criticized the decision to consider public proposals for the independent monitor as “nothing but lip service,” noting that the Justice Department would have final say in the decision.

    For now, the families hope to convince the judge to reject the deal, arguing that it would not enhance public safety. Separately, trials in a handful of civil cases filed against Boeing by some of the families are scheduled to begin later this year.

    Demo

    Who will be the monitor and what will they do?

    The Justice Department will appoint an independent compliance monitor as part of the terms of Boeing’s three-year probation. That person, who will be vested with the powers of a probation officer, will submit annual reports to the government and ensure that the company complies with safety measures.

    The monitor’s reports might suggest changes to the company’s production process or quality control. Similar monitors have been placed at other companies like Apple and Deutsche Bank as part of settlements with federal prosecutors.

    It’s still unclear who the government will nominate for the role. The monitor in this case is likely to be an aviation expert.

    “Nobody wants a free-roving monitor looking at their files,” said John C. Coffee, a law professor at Columbia University focused on corporate governance. “That’s why there’s likely to be a great deal of sensitivity to who the person is.”

    The scope of the monitor’s authority will come down to the fine print of the final agreement. A few important questions remain unresolved, such as whether the monitor can go directly to the judge with his or her findings and whether the judge can impose a penalty in response. Those should be addressed in the final terms, Mr. Coffee said.

    Veronica Root Martinez, a law professor at Duke University who studies corporate misconduct and compliance, said there would almost certainly be court oversight of the monitorship since it stemmed from a guilty plea, with reports publicly filed on the court’s docket. The monitor is likely to have a relationship with insiders at the company to draft recommendations and ensure compliance with the plea deal.

    “It’s not necessarily just someone passively watching,” Ms. Martinez said.

    Are there other consequences to Boeing for pleading guilty?

    The guilty plea puts Boeing’s lucrative government contracts at risk. A company convicted of certain felonies can’t get government contracts without obtaining a waiver. Boeing is in talks with the Pentagon about the fate of those government contracts, according to a person familiar with the matter.

    A disruption in Boeing’s defense and space business could be catastrophic to the company’s business, said Loren Thompson, a longtime aerospace analyst. Contracts with the government bring in more than a third of the company’s revenue.

    Mr. Thompson said Boeing’s defense business has declined over the decades as other manufacturers made gains. “Any further impediment to booking new defense business will be very detrimental to the company’s portfolio of products,” he said.

    It was not immediately clear whether the plea deal would have any impact on a separate investigation into the January fight, operated by Alaska Airlines, in which a panel blew off a Max jet. The F.B.I., which is investigating the incident, declined to comment.

    View original article here

    Share. Facebook Twitter LinkedIn Email Reddit
    Previous ArticleGretchen Whitmer Says She Won’t Run for President Even if Biden Steps Aside
    Next Article Why Don’t We Build More Housing?

    Related Posts

    Women Sluggers Are No Longer in a League of Their Own

    September 27, 2026
    Read More

    Elizabeth Holmes to Transfer to Halfway House in August 2027

    September 24, 2026
    Read More

    Anthropic Quietly Sets Up Biology Lab As It Ramps AI Drug Program

    September 19, 2026
    Read More
    Add A Comment

    Leave A Reply Cancel Reply

    Demo
    Top Posts

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256

    AAVE Price Prediction: Target $215-225 by Mid-January 2025 as Technical Indicators Signal Bullish Momentum

    December 15, 2025240

    Wall Street Slumps As Alphabet, Qualcomm And Other Tech Stocks Fall

    February 7, 2026212
    Don't Miss
    Investment

    Robinhood (HOOD) sees surge in Bitcoin (BTC), Gold prediction markets as traders move beyond sports

    By Staff WriterOctober 24, 20262 Mins Read

    The market has grown from its roots in elections into sports, economic data and short-term…

    Read More

    Trump Official Britt McHenry Caught On Video Appearing To Throw Beer At Fan During NBA Game

    October 24, 2026

    A Garage Cleanout That Actually Gets Finished

    October 24, 2026

    ADHD Medication Could Slash Death Risk, Huge Study Finds

    October 24, 2026
    Stay In Touch
    • Facebook
    • Twitter
    Demo
    Find More
    Trending News
    • Robinhood (HOOD) sees surge in Bitcoin (BTC), Gold prediction markets as traders move beyond sports
    • Trump Official Britt McHenry Caught On Video Appearing To Throw Beer At Fan During NBA Game
    • A Garage Cleanout That Actually Gets Finished
    • ADHD Medication Could Slash Death Risk, Huge Study Finds
    • Moz & Profound Partner to Connect SEO and AI Visibility
    • Agent cloud startup Daytona hits $1B valuation backed by FirstMark and a who’s who of angels
    • Why Facial Recognition Won’t Replace MagicBands at Disney World
    • Bernie Sanders Trolls Trump’s New Anti-Fraud Program With A Damning Tip Of His Own
    • GOP Senator Roger Marshall Does Complete 180 On Gas Prices
    • The Sony WH-CH720N Are 51% Off Right Now
    Other News
    • Business
    • Feel Good
    • Finance
    • Fitness
    • Health
    • Investment
    • Lifestyle
    • Marketing
    • Politics
    • Small Business
    • Technology
    • Top Stories
    • Travel
    About Us

    Small Business Minder brings together business and related news from around the world in one place. Follow us for all the business news you'll need.

    Facebook X (Twitter)
    Our Picks

    Robinhood (HOOD) sees surge in Bitcoin (BTC), Gold prediction markets as traders move beyond sports

    October 24, 2026

    Trump Official Britt McHenry Caught On Video Appearing To Throw Beer At Fan During NBA Game

    October 24, 2026
    Most Popular

    Former FBI, CIA Head Has ‘Serious Concerns’ With Trump Cabinet Picks

    December 28, 2024435

    Emirates to operate next-gen A350 on the third daily service to Cape Town

    January 14, 2026256
    Categories
    © 2026 Small Business Minder
    • Home
    • Get In Touch

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. To get the most from our site, please disable your Ad Blocker.