SEC Has Received A Proposed Plan For The Distribution Of $201M Paid By The Boeing Company And Dennis Muilenburg, With The Funds Being Deposited In A Commission-designated Account At The U.S. Department Of The Treasury For The Benefit Of Harmed Investors
Portfolio Pulse from Benzinga Newsdesk
The SEC has received a proposed plan for the distribution of $201M paid by The Boeing Company and Dennis Muilenburg. The funds will be deposited in a Commission-designated account at the U.S. Department of the Treasury for the benefit of harmed investors.
October 12, 2023 | 8:47 pm
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POSITIVE IMPACT
Boeing has paid $201M to be distributed to harmed investors, which may alleviate some legal pressures and potentially improve investor sentiment.
The payment by Boeing and its former CEO, Dennis Muilenburg, is a significant step towards resolving the legal issues that have been a drag on the company's stock. This could potentially improve investor sentiment and have a positive impact on the stock in the short term.
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