BREAKING NEWS ~ Ex-Boeing CFO pleads guilty to illegal hiring of military official Jeannie Shawl at 11:46 AM ET
[JURIST] Reuters is reporting that Boeing's former CFO has pleaded guilty to aiding in the illegal hiring of an Air Force official.
12:10 PM ET - Former Boeing CFO Michael Sears pleaded guilty to a single count of aiding and abetting illegal employment negotiations. Boeing hired a top Air Force procurement officer who has admitted she gave Boeing preferential treatment on a $23 billion tanker contract. AP has more.
2:39 PM ET - Boeing has now issued a statement on the plea:
We believe the Statement of Facts reinforces what we have said before -- that no Boeing executive other than Mr. Sears engaged in any wrongdoing in connection with Ms. Druyun's hiring. Boeing officials believed that Mr. Sears and Ms. Druyun were fully complying with all appropriate Boeing and DOD procedures in his recruitment efforts.
One year ago, Boeing dismissed Mr. Sears and Ms. Druyun because an internal investigation concluded they had violated Boeing hiring policies and ethical standards. Boeing immediately brought the matter to the attention of the appropriate authorities and cooperated with them throughout the investigative process.
Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.