Boeing Shareholder Suit Over Dreamliner Falls Short

Law360, New York (May 26, 2010, 6:03 PM EDT) -- A federal judge has grounded a proposed class action that accused The Boeing Co. and two top executives of intentionally deceiving shareholders about the test and delivery schedule for the long-delayed 787 Dreamliner airplane.

Judge Suzanne B. Conlon of the U.S. District Court for the Northern District of Illinois ruled Wednesday that the lead plaintiff, the City of Livonia Employees Retirement System, failed to properly allege that the defendants made material misstatements or omissions and failed to plead a primary violation of the securities laws....
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