A U.S. judge on Monday approved Boeing Co's agreement to acknowledge liability for compensatory damages in lawsuits filed by families of the 157 people killed in the 2019 Ethiopian Airlines 737 MAX crash.
The Boeing logo is pictured at the Latin American Business Aviation Conference & Exhibition fair at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photoagreement to acknowledge liability for compensatory damages in lawsuits filed by families of the 157 people killed in the 2019 Ethiopian Airlines 737 MAX crash.
Boeing said last week it was "committed to ensuring that all families who lost loved ones in the accidents are fully and fairly compensated for their loss." All further planned depositions with former and senior Boeing executives were canceled as a condition of the settlement. The crashes already have cost Boeing some $20 billion. In January, Boeing agreed to a deferred prosecution agreement with the U.S. Department of Justice including $2.5 billion in fines and compensation stemming from the 737 MAX crashes, including the Lion Air crash in October 2018.
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