Boeing's proposed guilty plea to fraud charges related to the 737 Max crashes has been unexpectedly rejected by US District Judge Reed O’Connor. The judge's decision centers on the appointment of an independent monitor, emphasizing the need for adherence to diversity and inclusion criteria in the hiring process. This setback complicates new CEO Kelly Ortberg's efforts to steer the company past its ongoing crises.
A federal judge has rejected Boeing's plea deal with US prosecutors related to two fatal 737 Max crashes, siding with victims' families who opposed the agreement. Judge Reed O’Connor criticized the settlement's provisions for appointing an independent monitor, stating they improperly considered race and diminished his role. Both parties have been instructed to discuss the next steps.
A federal judge in Texas has invalidated new SEC rules requiring certain firms to register as dealers in the US Treasuries market, siding with hedge funds that argued the regulations were overly broad and detrimental to market activity. Judge Reed O’Connor stated that the SEC acted beyond its authority in implementing these rules.
Humana is suing the Centers for Medicare & Medicaid Services (CMS) over its 2025 star ratings, claiming the agency's actions violate the Administrative Procedure Act and that it failed to disclose recalculation criteria. The lawsuit highlights issues with the scoring of customer service calls, which Humana argues were unfairly penalized due to external factors. With a significant drop in members in high-rated plans, the outcome could have major financial implications for the insurer.
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