Ohio to lead class-action lawsuit against Boeing for safety failures

On March 21, 2025, the Office of Ohio Attorney General Dave Yost released a statement revealing that two Ohio pension funds have been appointed co-lead plaintiffs in a class-action lawsuit focused on holding Boeing’s board of directors accountable for a series of safety and compliance shortcomings that have impacted the company and its shareholders.

This lawsuit highlights the state’s commitment to upholding corporate responsibility and ensuring the protection of investors’ interests. By representing the Ohio Public Employees Retirement System and the State Teachers Retirement System, Ohio Attorney General Dave Yost’s office aims to address the systemic safety and compliance failures that have negatively impacted Boeing and its stakeholders.

The decision to appoint Ohio’s pension funds as co-lead plaintiffs in this class-action lawsuit showcases the state’s active role in seeking accountability and justice for those affected by Boeing’s safety lapses. This legal action underscores the importance of holding corporate entities responsible for their actions and ensuring that they prioritize safety and compliance to protect their employees and investors.

This lawsuit signals a collective effort to address Boeing’s safety failures and compliance issues that have affected the company’s reputation and bottom line. By assigning two Ohio pension funds as co-lead plaintiffs, the court has recognized the state’s commitment to seeking justice and accountability in cases of corporate negligence and misconduct.

Through this legal action, Ohio Attorney General Dave Yost and the state’s pension funds are working to address the repercussions of Boeing’s safety failures on the company and its investors. By taking on a leadership role in this class-action lawsuit, Ohio aims to hold Boeing’s board of directors accountable for their oversight of safety and compliance protocols, ensuring that such lapses are not repeated in the future.

Overall, the appointment of Ohio’s pension funds as co-lead plaintiffs in this class-action lawsuit represents a significant step towards ensuring that corporate entities prioritize safety, compliance, and accountability to protect their stakeholders. By actively seeking justice and holding companies responsible for their actions, Ohio is sending a strong message about the importance of upholding ethical standards and corporate governance in the business world.