00:00 Speaker a
Well, the U.S. Department of Justice said it reached a deal with Boeing to avoid prosecutions for the company's largest 737 crashes. Yahoo Finance’s Alexis Keenan is now joining us. So, what does this agreement require?
00:17 Alexis Keenan
It needs to end the entire ordeal to resolve the lawsuit that has been ongoing since 2018, when the first Lion Air 737 Max dropped, followed by the Air Max in Ethiopia, which fell in 2019 to resolve the lawsuits that the Ministry of Justice has been litigated against Boeing and criminal acts because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime because you have been in crime Representatives based on their employees conspired to deceive the U.S. government during the manufacturing and certification process of 737 Max. So it's a huge deal as it will address these claims that Boeing has reverted to after violating previous agreements with the government to comply with what it wants to do. Now, we don't know what's in the protocol. In principle, the Justice Department and Boeing are currently telling the court. They said they were still working to complete it, but in speaking with lawyers representing the families of these crash victims and their own, they told me last week’s call that they participated in the framework with lawyers from the government. In this framework, Boeing also proposed an additional $444.4 million that will be distributed among victim families. Well, the compliance improvements that Boeing has to pay, as well as the maximum fine under the law, can be evaluated against Boeing as well as independent compliance consultants. Now, the victims I talk to are not happy with the deal. They want to see Boeing tests. They said that under the Biden administration, Boeing agreed to admit to feeling guilty about the crime. They want to see the dispute aired publicly. They feel they have no transparency and with such a private deal, they feel they will never get answers about the death of their family members. Of course, we hope this will be very beneficial for Boeing to put it in the bed.
04:20 Speaker a
OK, Alexis. Thank you for reporting this rupture. Thanks for it.
