Boeing’s board shouldn’t escape blame in 737 Max scandal

LOS ANGELES TIMES

This may have been overlooked, but the Boeing board of directors did Wells Fargo a big favor in 2019; it provided Wells’ directors with real competition in the race for the worst failure of leadership among major American corporate boards.

The failure came, of course, from an epic disaster: two crashes of Boeing’s 737 Max airliners, costing the lives of 346 passengers and crew members. The crashes have been attributed to slipshod engineering, irresponsible cost-cutting and sweetheart arrangements with government regulators — all aspects of management that fall within the board’s jurisdiction. read more »

SEC Charges Six Individuals in International Microcap Fraud Schemes

SECURITIES AND EXCHANGE COMMISSION

The Securities and Exchange Commission today charged six individuals and their companies with participating in schemes that allegedly generated more than $35 million of illegal sales of stock in at least 45 microcap companies. The charges contained in two complaints reflect investigations by staff in the SEC’s New York and Boston offices, and assistance from multiple regulators outside the U.S. read more »

Jacobs Technology Accused of Employee Background Check Fraud

BLOOMBERG LAW

A whistleblower contends that Jacobs Technology Inc. and Jacobs Engineering Group Inc. violated the False Claims Act by failing to satisfy employment eligibility and drug testing requirements for employees under a $112 million information technology contract for U.S. Special Operations Command. read more »