Boeing agrees to plead guilty to defrauding US regulators but escapes punishment sought by victims’ families
CNN
Boeing has agreed to plead guilty to one charge of conspiracy to defraud the United States and potentially up to $487 million in fines to avoid prosecution, the Justice Department said in a court filing Sunday evening.
Boeing has agreed to plead guilty to one charge of conspiracy to defraud the United States and potentially pay up to $487 million in fines to avoid prosecution, the Justice Department said in a court filing Sunday evening. But that fine is a fraction of the $24.8 billion that families of crash victims wanted the aircraft maker to pay. The families of victims of two fatal crashes of the 737 Max oppose the deal, the department said. This is a developing story and will be updated.
Nippon Steel is expected to re-file its application for a national security review by American regulators of its $15 billion takeover bid of US Steel, sources familiar with the matter told CNN on Tuesday, buying Japan’s largest steelmaker an additional 90 days to close its acquisition of an American rival after political opposition emerged in an election year.
So far, the attacks that targeted Iran-backed Lebanese militant group Hezbollah members through their pagers have had devastating consequences. At least nine people, including an eight-year-old girl, were killed, and at least 2,800 were wounded. Over 150 of those injured are in critical condition, according to the Lebanese health minister.