- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-05-15T17:43:00
The Department of Justice (DOJ) notified aerospace giant Boeing it breached its 2021 deferred prosecution agreement (DPA) that required compliance commitments following high-profile crashes of its 737 MAX airplane.
In a letter Tuesday, the DOJ notified Boeing the government determined the company breached its obligations under the DPA by “failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of U.S. fraud laws throughout its operations.”
The letter, addressed to U.S. District Court Judge Reed O’Connor for the Northern District of Texas, updated the court on the status of the DPA, which Boeing agreed to in January 2021 as part of a $2.5 billion settlement over criminal charges related to the 737 MAX scandal.
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2024-07-08T18:41:00Z By Aaron Nicodemus
Boeing will plead guilty to a felony and pay an additional $243.6 million for violating the terms of a 2021 settlement it made with the Department of Justice related to safety lapses that contributed to the crash of two airplanes.
2024-03-04T18:21:00Z By Aaron Nicodemus
Aerospace giant Boeing will pay a $51 million civil penalty to the State Department to resolve alleged export control violations related to unauthorized transfers and retransfers of technical data to foreign-person employees and contractors.
2023-02-13T20:08:00Z By Aaron Nicodemus
A federal judge in Texas ruled against a request by the families of those killed in two Boeing 737 MAX crashes to alter the terms of a 2021 deferred prosecution agreement between the company and the Department of Justice to add an independent compliance monitor.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
2025-03-27T12:49:00Z By Aaron Nicodemus
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.
2025-03-26T18:48:00Z By Oscar Gonzalez
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
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