Published: November 20, 2009
Brower Piven Encourages Investors Who Have Losses in Excess of $300,000 From Investment in Boeing Company, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the January 12, 2010 Lead Plaintiff Deadline
Brower Piven, A Professional Corporation
announces that a class action lawsuit has been commenced in the United
States District Court for the Southern District of Illinois on behalf of
purchasers of the common stock of Boeing Company, Inc. ("Boeing" or the
"Company") (NYSE: BA) during the period between May 4, 2009 and June 22,
2009, inclusive (the "Class Period").
No class has yet been certified in the above action. Members of the Class
will be represented by the lead plaintiff and counsel chosen by the lead
plaintiff. If you wish to choose counsel to represent you and the Class,
you must apply to be appointed lead plaintiff no later than January 12,
2010 and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in the Company during the Class
Period. You are not required to have sold your shares to seek damages or
to serve as a Lead Plaintiff. You may contact Brower Piven (through
hoffman@browerpiven.com or 410/986-0036) to answer any questions you may
have in that regard.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the Company's failure to disclose during
the Class Period the true testing results for the Dreamliner 787 ("787") to
forestall cancellations of orders for the 787, particularly as the orders
for its competition, the Airbus A380, were gaining ground; to conceal from
the market the material fact that the 787 had a structural problem in its
design that would prevent the first flight of the 787 by June 30, 2009, and
delivery in the first quarter of 2010; and to enable Boeing to make a
positive presentation concerning the test results for the 787 and the
schedule for the first flight and delivery of the 787 at the Paris Air Show
scheduled for June 15-18, 2009, at which Boeing hoped to receive additional
orders for the 787 and beat the showing made by the Airbus for its A380.
According to the complaint, after Boeing announced on June 23, 2009 that
the first flight of the 787 would be postponed, the value of Boeing's stock
declined significantly.
If you have suffered a net loss for all transactions in Boeing Company,
Inc. common stock during the Class Period you may obtain additional
information about this lawsuit and your ability to become a lead plaintiff
by contacting Brower Piven at www.browerpiven.com, by email at
hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, A
Professional Corporation, The World Trade Center-Baltimore, 401 East Pratt
Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven
have combined experience litigating securities and class action cases of
over 40 years. If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain other
counsel of your choice. You need take no action at this time to be a
member of the class.
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