Deal

Federal Judge Rejects Boeing’s Guilty Plea Deal Over 737 Max Training Fraud, Citing Victims’ Rights

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DALLAS — In a significant legal development, a federal judge on Thursday dismissed a plea agreement involving Boeing and the U.S. Justice Department. The collapsed deal would have seen Boeing confess to defrauding regulators concerning the pilot training requirements for its 737 Max jetliner, which was implicated in two catastrophic crashes that killed 346 people. U.S. District Judge Reed O’Connor’s decision in Texas casts new uncertainties on the aerospace giant’s potential criminal liability tied to the design and marketing practices of its best-selling aircraft. The rejected plea suggested a negotiated settlement that might have allowed … Read more

Judge Scraps Boeing Plea Deal Over Racial Criteria for Monitor Selection, Citing Public Interest Concerns

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FORT WORTH, Texas — In a significant legal development, U.S. District Judge Reed O’Connor struck down a criminal fraud plea agreement between aerospace giant Boeing and the Justice Department. The judge cited concerns over contractual terms that he deemed inappropriate and adverse to public interest, particularly those mandating racial considerations in the appointment of a corporate monitor. The collapse of this agreement marks a substantial setback for Boeing, which sought to avoid a criminal trial over allegations that the company misled Federal Aviation Administration officials preceding the fatal crashes of two 737 Max jets, events … Read more

Court Denies Elon Musk’s $56 Billion Compensation Deal Amidst Legal Controversy

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Wilmington, DE — A Delaware judge has once again ruled against reinstating a controversial $56 billion compensation package previously approved for Tesla CEO Elon Musk. Despite a favorable vote from shareholders on the extensive pay plan, the decision remains stalled following legal challenges that argue its excessive nature. The pay package in question, designed to award Musk with stock options potentially worth billions, has sparked debate within the investment and business communities. It lays out a structure whereby Musk could earn significant stock rewards tied directly to increases in Tesla’s market value and operational milestones. … Read more

Baltimore Strikes $80 Million Deal with Walgreens to Address Opioid Crisis Impact

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Baltimore, Maryland – In a significant legal victory, the city of Baltimore has achieved an $80 million settlement with Walgreens and a $266 million damages award against drug distributors McKesson and Amerisource-Bergen. These outcomes mark a serious commitment to addressing the opioid crisis that has devastated communities across the city. Announced last month, the Walgreens settlement resolves the city’s claims against the pharmacy giant for its involvement in exacerbating the opioid epidemic. The terms of the agreement stipulate that Walgreens will pay $45 million by the end of this year, with the remaining $35 million … Read more