- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-02-13T20:08:00
A federal judge in Texas ruled against a request by the families of those killed in two Boeing 737 MAX crashes to alter the terms of a 2021 deferred prosecution agreement (DPA) between the company and the Department of Justice (DOJ) to add an independent compliance monitor.
Judge Reed O’Connor of the U.S. District Court for the Northern District of Texas blocked the families’ demand to impose a compliance monitor on Boeing as part of its DPA, among other requests.
In a decision filed Thursday, Judge O’Connor said the court did not have the authority to add new conditions to the three-year DPA, under which Boeing agreed to pay more than $2.5 billion in penalties and compensation to victims. Boeing also agreed to remedial changes to the way it reviews potential safety issues in its aircraft.
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2024-07-08T18:41:00Z By Aaron Nicodemus
Boeing will plead guilty to a felony and pay an additional $243.6 million for violating the terms of a 2021 settlement it made with the Department of Justice related to safety lapses that contributed to the crash of two airplanes.
2024-05-15T17:43:00Z By Jeff Dale
The Department of Justice notified aerospace giant Boeing it breached its 2021 deferred prosecution agreement that required compliance commitments following high-profile crashes of its 737 MAX airplane.
2023-09-29T14:41:00Z By Kyle Brasseur
Aerospace giant Boeing agreed to pay $8.1 million as part of a settlement with the Department of Justice addressing allegations it submitted false claims regarding military aircraft contracts it had with the Navy.
2025-05-22T14:37:00Z By Aaron Nicodemus
The Federal Trade Commission has ordered web hosting company GoDaddy to implement a “robust” information security program following at least three data breaches that the agency said were aided by lax cybersecurity measures.
2025-05-20T12:30:00Z By Oscar Gonzalez
The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
2025-05-16T19:24:00Z By Oscar Gonzalez
After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
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