NEW YORK, NY - 
(NewMediaWire) - February 1, 2024 - Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) reminds investors that a complaint has been filed on behalf of purchasers or acquirers of the common stock of The Boeing Company (“Boeing” or the “Company”) (NYSE: BA) between October 23, 2019 and January 24, 2024, inclusive (the “Class Period”). Click Here to Join Investigation.
On Friday January 5, 2024, a Boeing 737 Max 9 aircraft operated by Alaska Airlines made an emergency landing following the sudden depressurization of the cabin when the door plug of the fuselage fell off the aircraft shortly after take off.
On January 7, 2024, The Wall Street Journal published an article entitled "FAA Orders Grounding of Some Boeing 737 MAX 9 Jets After Emergency Landing." The article states that "The Federal Aviation Administration ordered a temporary grounding and immediate inspections of dozens of Boeing 737 MAX Jets, after one of the planes made an emergency landing when a section of the aircraft ripped away in midair. Passengers and flight attendants described a harrowing incident during an Alaska Airlines flight on a 737 MAX 9 jet Friday night that left a gaping hole at 16,000 feet in the sky. Alaska and United, two of the biggest users of the jets, canceled dozens of flights each on Saturday but said inspections were underway."
On January 8, 2024, the first trading following the news, Boeing's stock price fell $20 per share, or 8%, to close at $229 per share.
Over the next few weeks, investigations into the incident continued and problems with the door plugs on other 737 MAX planes were discovered, including loose bolts holding the door plugs in place. According to the complaint, in reaction to these and other related disclosures, Boeing’s stock price plummeted from $249 per share on January 5, 2024 to close at $201.88 per share on January 25, 2024, a $47.12 per share or 18.9% decline.
If you are a member of the proposed Class, you may move the court no later than April 1, 2024 to serve as a lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
If you have any questions about this investigation, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax: (415) 772-4707
E-mail: lking@kaplanfox.com
