Two lawsuits over 787 ‘without merit,’ Boeing says

Published 11:13 am Tuesday, November 17, 2009

The Boeing Co. faces two lawsuits over its delayed 787 Dreamliner.

Although the company deems the lawsuits “without merit,” Boeing says it will defend itself “vigorously,” according to a filing with the Securities and Exchange Commission.

Last week, a firm filed a lawsuit in northern Illinois over the 787.

Yesterday, another law firm filed a similar complaint in southern Illinois.

Both essentially are complaining that Boeing executives gave misleading statements this summer when they assured investors the 787 would fly by the end of June. Within days of making those statements, Boeing halted the Dreamliner’s first flight. Boeing’s stock dropped 6.5 percent the first day and another 6 percent the following day.