Delaware Court Dismisses Caremark Oversight Suit Against Boeing Directors
The Delaware Court of Chancery dismissed shareholders’ derivative claims against Boeing directors and officers tied to the Jan. 5, 2024 door plug blowout over Portland, Oregon. Shareholders alleged directors ignored dozens of red flags and failed to act, including warning reports about supplier issues, workforce inexperience and quality control. The court found robust reporting mechanisms and that bad faith requires a sustained failure to oversee.