| Company: | The Boeing Company Inc, |
| Ticker Symbol: | BA |
| Class Period: | May-4-09 to Jun-22-09 |
| Date Filed: | Nov-14-09 |
| Lead Plaintiff Deadline: | Jan-13-10 |
| Court: | Northern District of Illinois |
| Allegations: | |
Boeing is the world's leading aerospace company. The Complaint alleges that during the Class Period, defendants misled investors regarding the 787 Dreamliner, its testing process, its ability to meet the schedule for the first flight and its delivery. Defendants concealed from the market that the 787 had structural problems in its design that would prevent the first flight of the 787 by June 30, 2009, and delivery in the first quarter of 2010. Suddenly, without any warning, on June 23, 2009, Boeing announced that the "first flight of the 787 Dreamliner will be postponed due to a need to reinforce an area within the side-of-body section of the aircraft...First flight and first delivery will be rescheduled following the final determination of the required modification and testing plan." In immediate response to Boeing's belated June 23, 2009 disclosure, the market price of Boeing's common stock dropped 6.5% to close at $43.87 per share, on huge volume of 27.3 million shares traded. The next day, Boeing's common stock price dropped another 6% to close at $41.32 per share, on huge volume of 21.3 million shares.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
