A lawsuit was filed on behalf of investors in NYSE:BA shares over alleged securities laws violations and NYSE:BA investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/15/2016 -- A shareholder of Boeing Company (NYSE:BA) filed a lawsuit in the U.S. District Court for the Northern District of Illinois over alleged violations of Federal Securities Laws by Boeing.
Investors who purchased shares of The Boeing Company (NYSE:BA) have certain options and for certain investors are short and strict deadlines running. Deadline: April 22, 2016. NYSE:BA investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of The Boeing Company (NYSE:BA) common shares between February 9, 2012 and February 11, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 9, 2012 and February 11, 2016, defendants made allegedly false and/or misleading statements and/or failed to disclose that Boeing's use of program accounting for the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied on inflated sales forecasts, that Boeing's use of program accounting for the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied on understated estimates of production costs, and that as a result of the foregoing, Boeing's public statements were materially false and misleading at all relevant times.
On February 11, 2016, news reports disclosed that the U.S. Securities and Exchange Commission ("SEC") is reportedly investigating whether the Boeing Company properly accounted for the costs and estimated sales of two of its most renowned airplanes. Specifically, the SEC investigation reportedly concerns projections the Boeing Company made about the long-term profitability for its 787 Dreamliner and the 747 jumbo aircraft, and whether the Boeing Company has inappropriately smoothed earnings and concealed potential losses in past financial reports. Shares of the Boeing Company (NYSE:BA) declined on February 11, 2016, to $10.210 per share.
Those who purchased shares of The Boeing Company (NYSE:BA) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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