Judge cites DEI concerns in rejecting Boeing's plea deal with DOJ

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Source: Yahoo! Finance

Yahoo Finance
Judge cites DEI concerns in rejecting Boeing’s plea deal with DOJ

Alexis Keenan · Senior Legal Reporter
Updated Thu, December 5, 2024 at 3:48 PM EST 3 min read

A federal judge rejected a criminal fraud plea deal reached between Boeing (BA) and the Justice Department, citing provisions in the agreement that included race as a condition in selecting a corporate monitor "inappropriate" and "against the public interest."

The decision is major setback for Boeing as it tries to put some legal troubles behind it while facing challenges on numerous fronts. ... Its stock fell roughly 1% Thursday.

The decision comes as diversity, equity and inclusion (DEI) has picked up momentum as a political issue in 2024, with critics targeting what they describe as "woke" policies at big companies.

Some major corporations, including Walmart (WMT), have backed away from their DEI initiatives or policies following public and shareholder pressure to do so.

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