The Boeing Company (BA) Accused of Withholding Information Regarding the Potential Hazards of Certain Airplane Features

According to the complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1934 between February 8, 2017 and November 13, 2018, The Boeing Company (BA) withheld information about potential hazards associated with a new flight-control feature that may have played a role in the deadly plane crash in Indonesia last month. The complaint alleges that the automated stall-prevention system on certain Boeing models that is designed to help pilots avoid mistakenly raising a plane's nose dangerously high can push the nose down unexpectedly and so strongly that flight crews cannot pull it back up. Unfortunately, the pilots at the helm of the doomed airliner were not told such a system had been added to the plane and were therefore unprepared to handle the risks. Boeing is now under scrutiny by industry and government officials, including the Federal Aviation Administration. Since news of Boeing's failures was revealed, the company's stock has fallen nearly 10% to close at $333.50 per share on November 28, 2018.

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