Title: Boeing Reaches $2.5 Billion 737 Max Settlement with U.S. - The New York Times
Headings: Boeing Reaches $2.5 Billion Settlement With U.S. Over 737 Max
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Boeing Reaches $2.5 Billion Settlement With U.S. Over 737 Max
The company agreed to a deferred prosecution agreement with the Justice Department.
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Content: Deferred prosecution agreements are often used by the government in criminal cases against corporations. They effectively hold a prosecution in abeyance, allowing companies to temporarily avoid charges if they don’t commit wrongdoing for a period of time. In Boeing’s case, the charges will be dismissed after three years if Boeing complies with the agreement. The Justice Department did not seek to appoint an independent monitor to oversee Boeing’s compliance — a step the government sometimes takes in such deals — because it said that “the misconduct was neither pervasive across the organization, nor undertaken by a large number of employees.” Wells Fargo agreed to pay $3 billion in a deferred prosecution deal last February stemming from its mistreatment of customers in its community bank. Advertisement
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