
US judge cancels planned Boeing trial over 737 crashes
The trial had been scheduled to begin June 23, but the Justice Department and Boeing reached a preliminary agreement last month to settle the long-running criminal probe into the accidents.
US District Judge Reed O'Connor granted the request of both parties to vacate the trial date and cancelled the criminal trial which had been scheduled to be held in Fort Worth, Texas.
But the judge still must give his final approval to the settlement and he could reschedule a trial if he fails to give the deal his green light.
Under the agreement, which has drawn condemnation from some families of crash victims, Boeing will pay USD 1.1 billion and the Justice Department will dismiss a criminal charge over the company's conduct in the certification of the MAX.
The agreement resolves the case without requiring Boeing to plead guilty to fraud in the certification of the MAX, which was involved in two crashes in 2018 and 2019 that claimed 346 lives – a Lion Air plane and an Ethiopian Airlines aircraft.
The Justice Department described it as "a fair and just resolution that serves the public interest."
"The Agreement guarantees further accountability and substantial benefits from Boeing immediately, while avoiding the uncertainty and litigation risk presented by proceeding to trial," it said.
Family members of some MAX victims slammed the proposed settlement, however, as a giveaway to Boeing.
"This kind of non-prosecution deal is unprecedented and obviously wrong for the deadliest corporate crime in US history," Paul Cassell, an attorney representing relatives of victims, said when the settlement was announced.
The Justice Department cited other family members who expressed a desire for closure, quoting one who said "the grief resurfaces every time this case is discussed in court or other forums."
The preliminary agreement was the latest development in a marathon case that came in the wake of crashes that tarnished Boeing's reputation and contributed to leadership shakeups at the aviation giant.
'Conspiracy to defraud'
The case dates to a January 2021 Justice Department agreement with Boeing that settled charges that the company knowingly defrauded the Federal Aviation Administration during the MAX certification.
The 2021 accord included a three-year probation period. But in May 2024, the Justice Department determined that Boeing had violated the 2021 accord following a number of subsequent safety lapses.
Boeing agreed in July 2024 to plead guilty to "conspiracy to defraud the United States."
But in December, Judge O'Connor rejected a settlement codifying the guilty plea, setting the stage for the incoming Trump administration to decide the next steps.
The deal announced in May requires Boeing to pay a fine of USd 487.2 million with credit for a USD 243 million penalty the company paid previously under the January 2021 agreement.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Jordan News
2 days ago
- Jordan News
Euro Edges Higher After U.S.–EU Trade Deal; Markets Focus on Central Bank Meetings - Jordan News
Euro Edges Higher After U.S.–EU Trade Deal; Markets Focus on Central Bank Meetings The euro rose slightly on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest move to ease global trade tensions and avoid a full-scale trade war. Attention is now turning to upcoming central bank meetings in the United States and Japan. اضافة اعلان During a meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen agreed to impose 15% tariffs on most EU imports — half the rate previously threatened by Trump for August 1. Following the news, the euro climbed to $1.1753, up 0.1% after initially gaining 0.3%. It also strengthened against the Japanese yen, reaching 173.64 yen, marking a fifth straight session of gains and hitting its highest level in a year. Market Sentiment Shifts as Trade Tensions Ease With fears over economic fallout from punitive tariffs subsiding, investors are turning their focus to corporate earnings and monetary policy meetings in Washington and Tokyo this week. Rodrigo Catril, Senior Currency Strategist at National Australia Bank, said in a bank podcast: 'It could be a positive week simply because we now know the rules of the game... With increased clarity, there may be greater global readiness to invest, expand, and pursue opportunities.' Still, a comprehensive U.S.–China trade agreement remains elusive, despite plans for high-level negotiators to meet in Stockholm on Monday. The dollar held steady at 147.65 yen, while the U.S. Dollar Index stayed at 97.582. Central Banks in Focus Both the Federal Reserve and Bank of Japan are expected to hold interest rates steady in their policy meetings this week. However, traders will closely monitor post-meeting statements for clues about future policy shifts. President Trump also announced that the EU plans to invest around $600 billion in the U.S., including significant increases in purchases of energy and military equipment. This mirrors a similar deal struck with Japan last week, which involves $550 billion in investment and 15% tariffs on Japanese imports, including cars. While some in Europe still view the 15% base tariff as excessively high, falling short of the EU's goal of zero tariffs, the agreement provides short-term relief to markets. Strategic Flows and Euro Outlook Shoki Omori, Chief Desk Strategist at Mizuho Securities, noted that the investment clause may lead to capital outflows from Europe, bolstering the U.S. dollar over the longer term: 'Weak relative growth prospects and a deteriorating current account justify a gradual decline in EUR/USD once the initial boost fades.' Meanwhile, China faces an August 12 deadline to finalize a long-term trade deal with the U.S. Talks in Stockholm are expected to result in a three-month extension of the current tariff truce, according to the South China Morning Post. Broader Market Sentiment and Crypto Surge Global equities and risk-sensitive assets received a lift ahead of a busy week for corporate earnings, with key results expected from Apple, Microsoft, Amazon, and Meta — four of the 'Magnificent Seven' tech giants whose stock movements heavily influence benchmark indices. In cryptocurrency markets, Ethereum jumped 1.5% to $3,905.79, its highest level since December 2024. Meanwhile, the U.S. dollar gained strength last Friday, supported by robust economic data that suggested the Federal Reserve may hold off on further interest rate cuts for now. GBP/USD traded at 1.3443, largely unchanged. The Australian dollar held at $0.6568, and the New Zealand dollar at $0.6014. Markets now await further cues from central banks and trade negotiations to assess the durability of the euro's upward momentum.


Roya News
3 days ago
- Roya News
Trump confirms deal sets 15% export tariffs on EU
US President Donald Trump announced Sunday that his administration had reached a new trade agreement with European Commission President Ursula von der Leyen, setting a 15 percent tariff on exports from the European Union. Speaking to reporters in Scotland, Trump said the deal includes major economic commitments from the EU, including an additional USD600 billion in investment in the United States and the purchase of USD 750 billion worth of US energy.


Roya News
23-07-2025
- Roya News
Trump accuses Obama of treason
Donald Trump on Tuesday accused his predecessor Barack Obama of treason and called for his prosecution over a report alleging that officials in the Democrat's administration manipulated information on Russia's interference in the 2016 election. Director of National Intelligence (DNI) Tulsi Gabbard has sent criminal referrals to the Justice Department related to a report published Friday that asserted the Obama officials had been part of a "treasonous conspiracy." Gabbard claimed Obama and his team had manufactured intelligence regarding Russian election interference to "lay the groundwork for what was essentially a years-long coup against President Trump." Her accusations were widely criticized as they fly in the face of findings by four separate criminal, counterintelligence and watchdog probes between 2019 and 2023 -- all of which concluded that Russia did intervene on Trump's behalf in the 2016 election. The Republican leader was asked whom the department should target over Gabbard's report during an Oval Office press event with visiting Philippines President Ferdinand Marcos. "Based on what I read -- and I read pretty much what you read -- it would be President Obama. He started it," said Trump, who was criticized on Monday for sharing an AI-generated video of Obama being arrested. Trump also singled out Obama's then-vice president Joe Biden, former FBI director James Comey, former DNI director James Clapper and ex-CIA director John Brennan as being part of a conspiracy. But he said the "leader of the gang" was Obama, accusing him of being guilty of "treason." Trump has claimed since they were launched that the various probes into Russian interference in the 2016 election -- and his own campaign's involvement -- were a "hoax." Trump's latest remarks were dismissed by his opponents as an attempt to shift focus away from the mushrooming crisis around the administration's failure to release files connected to the Jeffrey Epstein case. They drew an angry rebuke from Obama's office, which said they were "ridiculous and a weak attempt at distraction." "Nothing in the document issued last week undercuts the widely accepted conclusion that Russia worked to influence the 2016 presidential election but did not successfully manipulate any votes," Obama spokesman Patrick Rodenbush said. A bipartisan report by the Senate Intelligence Committee -- spearheaded by then acting chairman Marco Rubio, now Trump's secretary of state -- found in 2020 that the Trump campaign sought to "maximize the impact" of leaks of Democratic documents stolen by Russian military intelligence. The aim of the hack, it said, was to help Trump and hurt Democratic presidential candidate Hillary Clinton during the 2016 election. "The Russian intelligence services' assault on the integrity of the 2016 US electoral process, and Trump and his associates' participation in and enabling of this Russian activity, represents one of the single most grave counterintelligence threats to American national security in the modem era," the report said.