FILE - The Boeing Company logo is seen connected the spot successful El Segundo, Calif., Tuesday, Jan. 25, 2011. Insurers for respective existent and erstwhile Boeing committee members volition wage much than $230 cardinal to settee a suit that accused the directors of failing to code information informing signs earlier 2 of the companys Max jetliners crashed. (AP Photo/Reed Saxon, File) (Reed Saxon,AP2011)

NEW YORK – Insurers for respective existent and erstwhile Boeing committee members volition wage much than $230 cardinal to settee a suit that accused the directors of failing to code information informing signs earlier 2 of the company’s Max jetliners crashed.

Boeing and the directors did not admit wrongdoing successful the settlement, which was filed Friday successful a Delaware court. The woody inactive needs a judge's approval.

The shareholder suit was filed by administrators of New York authorities worker status funds and a Colorado pension money for firefighters and constabulary officers. They sued aft crashes of Boeing 737 Max jets successful 2018 and 2019 killed 346 people.

The suit accused the directors of failing to decently look retired for the interests of shareholders successful overseeing then-CEO Dennis Muilenburg and improvement of the Max. Boeing tried to get the suit dismissed, but a justice rejected the determination successful September.

Insurers for the directors volition wage $237.5 cardinal to Boeing, minus fees and expenses, according to documents filed Friday. None of the directors — nor Boeing — volition beryllium required to wage anything.

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Boeing agreed to adhd a committee subordinate with a inheritance successful aviation oregon aerospace engineering oregon merchandise information and make a information ombudsman's bureau for astatine slightest 5 years.

Boeing fired Muilenburg successful precocious 2019 and replaced him with David Calhoun, who was connected the committee astatine the time. Both are defendants successful the shareholder lawsuit, on with respective different existent and erstwhile directors.

Eight of the 13 directors who were connected the committee erstwhile the crashes occurred volition person near by January. Six caller directors person been added.

In January, Chicago-based Boeing agreed to a $2.5 cardinal settlement with the U.S. Justice Department to debar transgression prosecution for misleading regulators astir information of the Max. Most of the wealth volition spell to airlines that bought the jets.

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