GPM Reminds Investors of the April 22 Deadline in the Class Action Lawsuit Against The Boeing Company

LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming April 22, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the "Class") of investors who purchased The Boeing Company ("Boeing" or the "Company") BA securities between February 9, 2012 and February 11, 2016, inclusive (the "Class Period"). Boeing investors have until April 22, 2016 to file a lead plaintiff motion.

The complaint alleges that throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (a) Boeing's use of program accounting for the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied on inflated sales forecasts; (b) Boeing's use of program accounting for the Company's 787 Dreamliner and/or 747 jumbo aircrafts relied on understated estimates of production costs; and (c) as a result of the foregoing, Boeing's public statements were materially false and misleading at all relevant times. On news reports of an alleged SEC probe into the Company's accounting for its 787 and 747 aircraft programs, the Company's shares fell sharply in value, thereby injuring investors.

GPM represents institutional and retail investors in securities class actions throughout the country, and has recovered millions of dollars on behalf of investors.

If you purchased Boeing shares, you may move the Court no later than April 22, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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