Corruption, Boeing

Daily Compliance News: March 26, 2025, The Missile Strike on Boeing Edition

Thomas Fox - Compliance Evangelist on 3/25/2025

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News—all...more

The Boeing Plea Agreement-A Major Disconnect

Thomas Fox - Compliance Evangelist on 8/1/2024

In its proposed Plea Agreement, the Department of Justice (DOJ) lays out the abject failures of Boeing which led the DOJ to conclude the underlying Deferred Prosecution Agreement (DPA) from 2021 has been breached. The DOJ...more

The Boeing Monitorship – Compliance, Accountability, and the Path Forward

Thomas Fox - Compliance Evangelist on 8/1/2024

When it comes to corporate accountability and the often murky waters of compliance, few cases are as illustrative and significant as the ongoing litigation involving Boeing. Since the 737 MAX safety scandal erupted in 2021,...more

Boeing’s Failure to Integrate Compliance Anti-Fraud Controls with Quality and Safety Functions (Part III of III)

The Volkov Law Group on 8/1/2024

Boeing’s Plea Agreement includes two Separate Factual Statements — the January 7, 2021 DPA, which is discussed in a prior blog post, and a factual outline of Boeing’s breach of the original DPA, resulting in the current Plea...more

The Omnibus Monitor for Boeing: Representing all Stakeholders

Thomas Fox - Compliance Evangelist on 7/23/2024

In probably a move that will surprise no one, the families of the victims of the two Boeing 737 MAX crashes have objected to the Department of Justice’s (DOJ) announced approach to a monitorship for Boeing. Having been so...more

Transforming Culture: Part 1-From Merger to Culture Toxicity

Thomas Fox - Compliance Evangelist on 5/6/2024

Boeing is not the first company to find itself amid a massive scandal. You can think of Siemens’ bribery and corruption scandal, the VW emissions-testing scandal, the Wells Fargo fraudulent accounts scandal, or any other...more

Transforming a Corporate Culture in Crisis: Lessons from Boeing

Thomas Fox - Compliance Evangelist on 4/24/2024

There has not been a company which has had a run of worse publicity in 2024 than Boeing. Unfortunately it has been self-inflicted. I recently participated in a webinar with Sam Silverstein on what Boeing can do to try and...more

Boeing Reaches $51 Million Settlement with State Department for ITAR Violations

The Volkov Law Group on 3/6/2024

Boeing continues to struggle. As troubles mount for Boeing, it is clear that it suffers from real and pervasive culture issues that have been reflected in serious safety failures, financial difficulties, regulatory...more

Boeing Technical Pilot Acquitted on Criminal Charges from 737 Max Safety Scandal

The Volkov Law Group on 3/29/2022

The Department of Justice criminal prosecution of Mark Forkner, chief technical pilot at Boeing responsible for the 737 Max, ended in quick acquittal. DOJ prosecutors suffered an embarrassing loss in an attempt to hold...more

Boeing’s Board Agrees to $237.5 Million Settlement in Litigation Alleging Failure to Oversee Airplane Safety

Gray Reed on 12/22/2021

The board of directors (“Board”) of The Boeing Company (“Boeing”) agreed to a staggering $237.5 million settlement of a lawsuit brought by stockholders on behalf of Boeing alleging that the Board and certain executive...more

Boeing Settles Shareholder Litigation and Agrees to Reforms (Part IV of IV)

The Volkov Law Group on 11/30/2021

The crushing aftermath of the tragic 737 MAX scandal is disturbing at the least. Innocent lives were lost because of Boeing’s culture misfires, poor leadership at the management and board level, and an arrogant disregard for...more

Boeing’s Board Governance Failures and the 737 MAX Safety Scandal (Part III of IV)

The Volkov Law Group on 11/29/2021

In its decision, the Chancery Court methodically analyzed the weaknesses in Boeing’s board processes and its fundamental failure to meet basic Caremark standards in tackling airplane safety issues, particularly after the Lion...more

A Tale of Two Boeing Boards — The Disparate Conclusions of the Justice Department and the Delaware Chancery Court (Part I of IV)

The Volkov Law Group on 11/24/2021

When I reviewed again the US Department of Justice’s conclusions reached as part of the Boeing criminal investigation, and the Delaware Chancery Court’s decision denying Boeing’s motion to dismiss the shareholder derivative...more

The Forkner Indictment for the Tragic Boeing 737 MAX Fraud and Crashes (Part II of III)

The Volkov Law Group on 10/19/2021

Mark Forkner, a former Chief Technical Pilot, was indicted on two counts of fraud involving aircraft parts in interstate commerce and four counts of wire fraud. If convicted, he faces a maximum penalty of 20 years in prison...more

The Recurring Business Question — Increase Profits Versus Compliance with the Law?

The Volkov Law Group on 3/8/2021

There is much to be learned from reviewing the wreckage of a major Justice Department enforcement action. It is helpful to identify these themes, analyze the conduct and reasons for the violation, and identify helpful...more

Boeing’s 737 MAX Scandal: A Review of Boeing’s Deception of the FAA (Part II of III)

The Volkov Law Group on 2/3/2021

Boeing’s criminal conduct, as described in the settlement papers, centered on two of its 737 MAX Flight Technical Pilots, who deceived the FAA about an important aircraft part called the Maneuvering Characteristics...more

Boeing’s Culture of Neglect and Disregard of Safety: The House Transportation Committee Report Findings (Part II of II)

The Volkov Law Group on 10/2/2020

Boeing’s culture and safety performance continues to undermine its ability to move forward and regain trust from regulators, the aviation industry and the flying public....more

Boeing 737 MAX Accountability: Shareholder Litigation Against Boeing Board & House Transportation Committee Issues Scathing...

The Volkov Law Group on 10/2/2020

Boeing is the new poster child for corporate governance failures and misconduct. Move over Wells Fargo, General Motors, Volkswagen, Novartis, Siemens and Wal-Mart, and make room for Boeing. Like General Motors and its...more

Corruption › Boeing