Boeing Facing Suit Over Possible SEC Investigation

Law360, Chicago (February 22, 2016, 8:17 PM EST) -- Boeing was slapped with a putative class action suit Monday by an investor buoyed by a media report alleging a U.S. Securities and Exchange Commission investigation into deceptive accounting practices that the defense contractor says it’s been using legally for decades.

Tribhuwan Bisht says he bought inflated securities from The Boeing Co. sometime between 2012 and 2016 during which time the company used an accounting process that spread the production costs for a couple of commercial airplane models over decades, allegedly deceiving stockholders about how much...
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