Magazine

Table: Rough Landing


The 1997 production meltdown plagued Boeing for years

OCT. 31, 1997

After company's market capitalization dives by $4 billion, lawyers file a securities-fraud suit on behalf of shareholders in U.S. District Court in Seattle.

SEPT. 8, 1998

U.S. District Judge Thomas Zilly rejects the company's motion to dismiss the case, holding that there is enough evidence of fraud to merit a trial.

DEC. 31. 1998

In a year when the Dow Jones industrial average rises 16.1%, Boeing (BA) falls 33.3%--becoming "dog of the Dow." Much of the drop is attributable to the Asian crisis.

APR. 15, 1999

CFO Hopkins announces the first of several new financial-improvement initiatives, including reporting some traditional unit-cost data for airplanes.

MAY 1, 2000

Judge Zilly grants class-action status to two groups of shareholders: Boeing investors and McDonnell Douglas investors.

SEPT. 1, 2001

Boeing moves its headquarters from Seattle to Chicago--which it says led to the decision to settle the fraud case rather than risking going to trial before a Seattle jury.

SEPT. 21, 2001

The two sides reach a tentative settlement for $92.5 million.

FEB. 20, 2002

Judge Zilly approves the settlement.


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