The authority had accused the group and the then Boeing boss Dennis Muilenburg of having deceived investors about the safety of its 737 Max.
A total of 346 people died in two Boeing 737 MAX crashes.
(dpa)
The aviation group Boeing will pay millions in the dispute with the American Securities and Exchange Commission after the two crashes of the 737 Max jet. The SEC had accused the company and then Boeing boss Dennis Muilenburg of misleading investors about the safety of its 737 Max. The Securities and Exchange Commission said Thursday that Boeing would have to pay a $200 million fine and Muilenburg a $1 million fine. Neither Boeing nor Muilenburg have admitted wrongdoing, but both agreed to the payment.
“In times of crisis and tragedy, it is particularly important that publicly traded companies and executives provide markets with full, fair and truthful information,” said SEC Chairman Gary Gensler. Boeing and Muilenburg misled investors by assuring the safety of the 737 Max despite knowing of serious safety concerns. Boeing said in a statement that the settlement concluded the SEC’s investigation and that the company “will neither admit nor deny” the allegations.
The Airbus rival had agreed to pay fines of more than $2.5 billion with the Justice Department in early 2021 over fraud and conspiracy allegations related to the scandal. After two crashes with a total of 346 deaths, Boeing was heavily criticized – the group slipped into a crisis. The problem pilot 737 Max was banned from take-off for a long time after two crashes.