Boeing Nears Deal to Avoid Criminal Trial Over 737 MAX Crashes

Published 8 hours agoBA

Boeing Nears Deal to Avoid Criminal Trial Over 737 MAX Crashes

Boeing is reportedly close to reaching a non-prosecution agreement with the U.S. Department of Justice concerning the tragic 737 MAX crashes that claimed 346 lives in 2018 and 2019. This agreement, if finalized, would enable Boeing to sidestep a criminal trial, thereby avoiding a guilty plea and its repercussions, according to Reuters.

As part of the prospective deal, Boeing may contribute an additional $444.5 million to a victims' fund, which supplements the $500 million previously paid in 2021. This comes after a previous plea deal, potentially amounting to $487.2 million in penalties, was rejected by a judge last December. The rejection was based on concerns regarding the selection of an independent monitor, highlighting the complexity and sensitivity of the ongoing proceedings.

Victims' families and their legal representatives have voiced criticism toward the Department of Justice, accusing it of undue leniency towards Boeing, despite allegations of severe misconduct. While the possibility of a non-prosecution agreement looms, the DOJ has yet to make a definitive decision, with discussions still in progress and no formal documentation exchanged as of now.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Nvidia Plans Shanghai R&D Center to Bolster China Presence

Nvidia Plans Shanghai R&D Center to Bolster China Presence

1 hours agoNVDA

Nvidia is setting up a new research and development center in Shanghai, a strategic move aimed at reinforcing its foothold in China's AI market despite recent U.S. export restrictions. The initiative was a key topic in discussions between Nvidia CEO Jensen Huang and Shanghai's Mayor Gong Zheng, focusing on adapting global R&D tasks to better understand Chinese customer needs, including chip verification and product optimization. While Nvidia looks to deepen its presence in China, it is taking steps to safeguard intellectual property by keeping core chip design and production outside the country, as reported by the Financial Times. The company is actively recruiting talent in Shanghai to harness the local AI skill set, recognizing the significant potential in this market. Last year, China contributed approximately 14% to Nvidia's $17 billion revenue, and CEO Huang projects that the market could potentially expand to $50 billion in the future. Nvidia's strategic adaptation comes in response to U.S. restrictions on high-performance chip exports like the H20 to China. The company plans to offer alternative, lower-end products such as the L20. However, these alternatives face stiff competition from Chinese companies like Huawei. This move is part of Nvidia's broader commitment to remain competitive and relevant amid complex geopolitical dynamics.

Goodyear Executive Resigns Following Tragic Incident in Brussels

Goodyear Executive Resigns Following Tragic Incident in Brussels

A devastating incident in Brussels has led to the resignation of a high-ranking Goodyear executive. On March 17, 2025, the executive's wife was tragically killed during a robbery at their apartment in the city. The suspect in this case remains at large, adding to the distressing circumstances of the event, as reported by luxtimes.lu. In the wake of this tragedy, the executive, who had been in charge of Goodyear's operations across Europe, Asia, and Africa since 2017, made the decision to resign from his position. The departure was officially stated to be for "personal reasons," although it closely followed the unfortunate incident. Goodyear has not issued any public statements regarding the executive's departure, choosing instead to respect the privacy of those involved. The company has declined to comment further, underscoring the delicate nature of this leadership change amidst personal hardship.

Southwest Airlines Faces Lawsuits Over Passenger Practices

Southwest Airlines Faces Lawsuits Over Passenger Practices

Southwest Airlines is facing legal challenges as the U.S. government continues to pursue litigation over the airline's passenger practices. In January 2025, the U.S. Department of Transportation filed a lawsuit against Southwest, accusing the airline of operating chronically delayed flights with unrealistic schedules that disrupted passengers' travel plans. This action highlights ongoing concerns over the airline's operations and customer service commitments. In a related development, a U.S. District Judge, Sidney Fitzwater, is set to order Southwest Airlines to pay a nominal amount of 1 cent to settle a lawsuit filed by the American Alliance for Equal Rights. This group, led by Edward Blum, argued that Southwest’s ¡Lánzate! program, which provided free flights to Hispanic college students, was racially discriminatory. Reuters reported on May 2025 about the expected court decision, reflecting on contentious issues surrounding such diversity programs. These lawsuits underscore Southwest Airlines' current legal challenges and reflect broader scrutiny from U.S. regulatory bodies. The airline's strategies and responses will be crucial as it navigates these legal battles, though no official statements have been made public regarding a resolution or strategy shift in response to these lawsuits.

Cathie Wood's ARK Invest Expands Stake in Nextdoor Holdings

Cathie Wood's ARK Invest Expands Stake in Nextdoor Holdings

3 hours agoKIND

Cathie Wood's ARK Investment Management has been actively increasing its investment in Nextdoor Holdings Inc., a digital platform aiming to foster community connections. Recently, ARK's Next Generation Internet ETF acquired about 800,000 shares of Nextdoor in December 2023, which are valued at approximately $1.4 million. This purchase has boosted the fund's total holdings in the social media company to around 10.1 million shares, now accounting for 1.08% of the ETF's portfolio. Earlier in June 2023, the same ETF made a significant move by adding over 250,000 shares to its holdings in Nextdoor. This acquisition was valued at approximately $800,000, elevating ARK's total investment in the platform to nearly $20 million. These acquisitions underscore ARK's commitment to expanding its footprint in companies they believe will drive future innovation, particularly in the social media and community engagement sectors. ARK's investment strategy is heavily focused on disruptive innovation, and its recent actions reflect confidence in Nextdoor's capability to grow as a significant player within its industry. TheStreet.com has detailed these investments, emphasizing that they align with ARK's broader mission to support companies positioned for substantial impact in their fields.