BOEING SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC ALERTS INVESTORS TO INVESTIGATION OF EXPANDED TIME PERIOD and Lead Plaintiff Deadline in Class Action Lawsuit Against The Boeing Company - BA
05/15/2019 | 10:52pm EDT
NEW ORLEANS, May 15, 2019 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., alert investors to an expanded investigation of The Boeing Company (NYSE: BA), now including potential shareholder losses from January 8, 2019 to May 8, 2019, inclusive.
What You May Do
If you purchased Boeing securities from January 8, 2019 to May 8, 2019, and would like to discuss your legal rights and how this case might affect your right to recover for your loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or visit https://www.ksfcounsel.com/cases/nyse-ba/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 10, 2019.
About the Lawsuit
Boeing and certain of its executives are charged with making materially misleading statements from January 8, 2019 through May 8, 2019, inclusive, in violation of the federal securities laws.
On October 29, 2018, a Boeing 737 MAX 8 jet operated by an Indonesian airline crashed after takeoff killing all onboard, followed by another MAX 8 crash by an Ethiopian airline on March 10, 2019. Subsequently, MAX 8 jets were grounded worldwide and a series of negative news reports were issued highlighting Boeing’s possible failure to take adequate safety measures relating to the crashes. This caused the value of the Company’s securities to decline materially.
The initial filed case is Seeks v. The Boeing Company, No. 19-cv-02394 (N.D. Ill.) alleging a Class Period of January 8, 2019 to March 21, 2019, inclusive.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.