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Boeing shareholder files class-action lawsuit, alleges plane maker concealed 737 Max safety risks

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April 10, 2019 at 10:37 a.m. EDT
Aviation officials around the world have benched Boeing's 737 Max since two catastrophic crashes. A shareholder has filed a class-action lawsuit that accuses the Chicago company of concealing the plane's problems. (Elaine Thompson/AP)

A Boeing shareholder has filed a class-action lawsuit accusing the company of covering up safety problems with its 737 Max, the commercial jet at the center of two crashes that killed 346 people.

In court documents filed Tuesday, Richard Seeks claims the plane maker “effectively put profitability and growth ahead of airplane safety and honesty.” The suit said investors suffered economic losses because of Boeing’s omissions and is seeking damages for alleged securities fraud violations.