Attorneys representing stockholders in a derivative lawsuit against Boeing Co. were granted approval on Friday to intervene in a related case filed in Delaware’s Court of Chancery. The move was made in response to concerns that a “dilatory” approach by the Delaware plaintiffs could jeopardize the progress of both lawsuits.
Vice Chancellor Morgan T. Zurn approved the intervention after neither Boeing’s attorneys nor the Delaware plaintiffs opposed it. The intervention primarily focuses on a motion to expedite the Delaware case, which, like the Virginia case, seeks substantial damages from Boeing’s current and former executives over alleged safety violations and oversight failures linked to the 737 Max, 777, and 787 commercial aircraft.
The Virginia lawsuit was filed on July 9 by the Oklahoma Firefighters Pension and Retirement System, seeking damages on Boeing’s behalf due to production issues and several safety breaches. The lawsuit is centered around multiple incidents, including a January Alaska Airlines door-plug blowout on a 737 Max.
