WAYNE, Pa., April 4, 2016 /PRNewswire/ -- Ryan & Maniskas, LLP that a class action lawsuit has been filed in United States District Court for the Northern District of Illinois on behalf of all persons or entities that purchased The Boeing Company ("Boeing" or the "Company") (NYSE: BA) publicly traded securities during the period between February 9, 2012 and February 11, 2016, inclusive (the "Class Period").
Boeing shareholders may, no later than April 22, 2016, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Boeing and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/ba.
The Boeing Company is an American multinational corporation that designs, develops, manufactures, sells, services and supports airplanes, rotorcraft, rockets and satellites. It also provides leasing and product support services. The Company operates in five principal segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding Boeing's business, operational and compliance policies, to disclose that: (i) Boeing's use of program accounting for the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied on inflated sales forecasts; (ii) Boeing's use of program accounting for the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied on understated estimates of production costs; and (iii) as a result of the foregoing, Boeing's public statements were materially false and misleading at all relevant times.
On February 11, 2016, Bloomberg News released that the United States Securities and Exchange Commission (SEC) is investigating whether Boeing correctly accounted for the costs, budgets and expected sales of the 787 Dreamliner and 747 Jumbo aircraft. Following this news, Boeing stocks have dropped $14.26, or 12.3%, to just $102.10 per share during intraday trading on February 11, 2016.
If you are a member of the class, you may, no later than April 22, 2016, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Ryan & Maniskas, LLP or other counsel of your choice, to serve as your counsel in this action.
For more information regarding this, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at email@example.com or visit: www.rmclasslaw.com/cases/ba. For more information about class action cases in general or to learn more about Ryan & Maniskas, LLP, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
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SOURCE Ryan & Maniskas, LLP