Court upholds dismissal of Boeing investor lawsuit, considers sanctions against plaintiffs’ attorneys

Judge Posner criticized the lawyers for quoting the testimony of an anonymous witness who later changed his story

It’s having troubles in the air, but Boeing Co. got a courtroom win on Tuesday when an appeals court upheld both the dismissal of a class action investor suit against the company and suggested sanctions against the plaintiffs’ attorneys.

San Diego law firm Robbins Geller Rudman & Dowd filed the class action suit in 2009 on behalf of a pension fund that accused Jim McNerney, Boeing’s CEO, and Scott Carson, who headed the company’s commercial airplanes division, of misleading investors regarding the testing and delivery schedule of its 787 Dreamliner aircraft.

Alanna Byrne

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