Boeing's 737 MAX plane was grounded for 20 months following two fatal crashes that killed 346 people

Current and former company directors of Boeing Co. on Friday reached a $237.5 million proposed settlement with shareholders over a lawsuit alleging the board’s safety oversight of the 737 MAX aircraft.

Boeing’s best-selling 737 MAX plane was grounded for 20 months following two fatal crashes that killed 346 people in the span of five months from 2018-2019, Reuters reported.

The proposed agreement - which was confirmed by Boeing - will further require the election of an additional board director with aviation/aerospace engineering or product safety oversight expertise within one year.... Read More: i24