By our staff reporterIn a shocking legal move, the US law firm Ribbeck Law Chartered is seeking up to $58 billion in compensation for the families of victims killed in the 2019 Ethiopian Airlines Boeing 737 Max crash. This amount is more than double the initial $24.8 billion requested by the victims’ families. However, Ribbeck Law Chartered argues that this compensation is grossly inadequate given the scale of Boeing’s misconduct. These include a $25 billion settlement in 2012 involving JPMorgan Chase, Wells Fargo, Bank of America, and GMAC, as well as a $16 billion settlement paid by Bank of America in 2014. The Ethiopian Airlines crash on March 10, 2019, killed all 149 people on board, including 9 Ethiopians among 35 other nationalities.

Source: Ethiopian News August 09, 2024 12:52 UTC