In re The Boeing Company Aircraft Securities Litigation

CourtDistrict Court, N.D. Illinois
DecidedFebruary 17, 2026
Docket1:19-cv-02394
StatusUnknown

This text of In re The Boeing Company Aircraft Securities Litigation (In re The Boeing Company Aircraft Securities Litigation) is published on Counsel Stack Legal Research, covering District Court, N.D. Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re The Boeing Company Aircraft Securities Litigation, (N.D. Ill. 2026).

Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION

IN RE THE BOEING COMPANY ) AIRCRAFT SECURITIES ) No. 19 CV 2394 LITIGATION ) ) Magistrate Judge Young B. Kim ) ) ) February 17, 2026 )

MEMORANDUM OPINION and ORDER

Plaintiffs filed a putative class action on behalf of the shareholders of Boeing Company (“Boeing”) for securities fraud under Section 10(b) of the Securities Exchange Act. Before the court is Plaintiffs’ motion to compel Defendants to produce an amended privilege log with more detailed document descriptions and certain categories of documents Defendants improperly withheld. (R. 443, Pls.’ Mot. Compel (“Motion” or “Mot.”).) Defendants oppose the Motion. (R. 454, Defs.’ Opp’n (“Opposition” or “Opp.”).) For the following reasons, the Motion is granted only to the extent that Defendants are ordered to further amend their most recent privilege log in accordance with the following rulings: Background Plaintiffs argue that Defendants’ privilege log is deficient and Defendants improperly withheld documents based on spurious privilege claims. This matter involves securities fraud claims against Boeing, its former President and CEO Dennis Muilenburg, and former CFO Gregory Smith. Plaintiffs allege that during the first part of 2019, Defendants knowingly misstated and concealed information about safety problems with Boeing’s 737 MAX after the Lion Air Flight 610 crash in October 2018 and the Ethiopian Airlines Flight 302 crash in March 2019, artificially inflating Boeing’s financial prospects and stock price.

During written discovery, the court ordered Defendants to complete their document production and serve their privilege log by May 1, 2025. (See R. 400, March 6, 2025 Order.) Defendants timely produced their first privilege log, which spanned over 14,000 entries and 420 pages. (Mot. at 3.) Plaintiffs complain about the number of documents withheld, (id.), but Defendants point out that they produced over 500,000 documents, (Opp. at 1-2).

On June 11, 2025, Defendants served on Plaintiffs an amended privilege log that reduced the total number of entries to 11,663 and produced more than 2,800 documents they previously redacted or withheld as privileged. (Mot. at 3.) Less than two weeks later, on June 24, 2025, Defendants produced a second amended privilege log (the “Log”) that includes 11,765 entries—102 more entries than the amended log. (Id.). Three days later, Plaintiffs filed the instant motion. After Plaintiffs filed the motion but one day before Defendants filed the

Opposition, Defendants served on Plaintiffs a third amended log on July 15, 2025. (Opp. at 9 n.2, 13 n.3, 14 n.4.) This most recent log has the same number of entries as the Log but includes updated descriptions for at least seven entries and additional information, including senders, recipients, and privilege codes for about 400 entries that Defendants say was “inadvertently omitted” from the Log. However, because Plaintiffs relied on the Log and cited to it when filing their motion, this court focuses on the Log and not the most recent version. Defendants may further amend or keep the entries as they are in the more recent version based on the rulings included herein.

Preliminary Issues For the sake of clarification and transparency, the court addresses confidential designations and exhibits submitted for in camera review at the outset. A. Confidential Designation The court first addresses Defendants’ confidentiality designation for the Log. When moving to compel, Plaintiffs initially filed a redacted version of the Motion,

(R. 441), attaching Exhibits C, I, and J, which consist of publicly available documents, along with an unredacted version of the Motion, (R. 443), and Exhibits B, E, and G, under seal. Exhibits B, E, and G include emails the attorneys of record exchanged regarding issues surrounding Defendants’ privilege logs. Plaintiffs filed the unredacted version of the Motion and Exhibits B, E, and G under seal because Defendants designated their privilege logs as “HIGHLY CONFIDENTIAL – ATTORNEYS’ EYES ONLY.” (R. 441, Exs. D, F, H (submitted for in camera review);

see also R. 444, Pls.’ Mot. to File Under Seal.) Consistent with their practice, the Log is also marked as “HIGHLY CONFIDENTIAL – ATTORNEYS’ EYES ONLY.” (R. 454, Ex. 2 (submitted for in camera review).) This court finds this designation at odds with Rule 26(b)(5) and the Agreed Confidentiality Order it entered in January 2023. (R. 240.) Given the strong preference for transparency and public access to court records, especially in a putative class action case that may concern members of the public not yet involved in the litigation, this court avoids sealing documents on the public docket or concealing information it considers when ruling on disputes whenever possible.

Rule 26(b)(5) provides that “[w]hen a party withholds information otherwise discoverable by claiming that the information is privileged or subject to protection as trial-preparation material, the party must . . . expressly make the claim[] and . . . describe the nature of the documents, communications, or tangible things not produced or disclosed—and do so in a manner that, without revealing information itself privileged or protected, will enable other parties to assess the claim.” The

objective of preparing and producing a privilege log is to share information that is not confidential or privileged—certainly not information that only attorneys can access. Furthermore, under Paragraphs 2 and 3 of the Agreed Confidentiality Order, “Highly Confidential Information” is “Confidential Material . . . that is of such a private, sensitive, competitive, or proprietary nature that disclosure of such material is likely to cause serious economic harm or competitive disadvantage to the producing party such that protecting the information cannot be avoided by less restrictive

means than by designation as Highly Confidential.” (R. 240, Agreed Confidentiality Order at 2.) While the underlying communications themselves may be confidential, the Log’s descriptions of these communications are not. It is not a secret that Defendants have been sued for their statements regarding “issues related to MCAS” and Boeing 737 MAX planes. As such, disclosing that Defendants sent and responded to, for example, “email[s] requesting legal advice regarding draft Board report concerning RTS status” in the wake of Lion Air and Ethiopian Airlines 737 MAX crashes killing all passengers and crew members is not likely to cause serious economic harm or competitive disadvantage to Defendants.

Also, to the extent that the public disclosure of brief email descriptions harms Defendants, like where Boeing’s in-house counsel received and sent requests for legal advice about company statements regarding the 737 MAX crashes, that ship has sailed. Indeed, those statements are the subject of this public litigation, and it should surprise no one that a sophisticated aircraft manufacturer would consult its attorneys before making public statements about its planes crashing, killing hundreds of

people. Moreover, those crashes and corresponding statements about them have been the subject of such overwhelming global interest and scrutiny that a Google search reveals troves of Wikipedia pages, business school case studies, and thousands of news articles about the same information Defendants suggest is “Highly Confidential” here. While the court is not requiring Defendants to file the Log on the docket, they cannot treat it as something it is not. B. In Camera Review

The court next comments on the parties’ submission of some of their exhibits for in camera review. Generally, litigants should not submit exhibits they rely on for in camera review when seeking or opposing relief because they should be accessible on the public docket.

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In re The Boeing Company Aircraft Securities Litigation, Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-the-boeing-company-aircraft-securities-litigation-ilnd-2026.