U.S. Justice Department Says The Boeing Company To Pay $8.1M To Resolve False Claims Act Allegations
Portfolio Pulse from Benzinga Newsdesk
The Boeing Company has agreed to pay $8.1 million to resolve allegations under the False Claims Act, according to the U.S. Justice Department. The allegations were related to Boeing's labor charges on certain defense contracts.
September 28, 2023 | 8:34 pm
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Boeing's settlement of $8.1M with the U.S. Justice Department over False Claims Act allegations may impact investor sentiment and potentially the company's stock price.
The settlement of $8.1M is a significant amount and the fact that it is related to allegations under the False Claims Act could negatively impact investor sentiment towards Boeing. This could potentially lead to a decrease in the company's stock price in the short term.
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IMPORTANCE 75
RELEVANCE 100