Boeing 737 Max: US appeals court revives shareholder lawsuit

Washington: A US appeals court on Friday revived a 2019 shareholder lawsuit filed against Boeing Co after two fatal 737 Max crashes killed 346 people over a five-month period and led to the plane’s 20-month grounding.

The Seafarers Pension Plan filed a lawsuit alleging that Boeing officers and board members made false and misleading public statements about the 737 Max in proxy materials.

A US District Court judge had dismissed the lawsuit, applying a Boeing bylaw that gave the company the right to insist those be filed in a Delaware court. In a 2-1 decision, the US Court of Appeals for the 7th Circuit reversed the lower court ruling.