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346 People Died In Boeing 737 MAX Crashes — But Shareholders May Get Paid The Most
A class action lawsuit has been certified against Boeing regarding the 737 MAX crashes, alleging securities fraud where Boeing misled investors about the aircraft’s safety and certification. While 346 people died in the crashes, the lawsuit focuses on financial losses incurred by shareholders due to an artificially inflated stock price. The author notes the irony that shareholders, rather than the victims’ families, may receive the most compensation, questioning the circular nature of such settlements where current shareholders effectively pay past ones.