Spirit AeroSystems Holdings, Inc. (NYSE: SPR) Investor Securities Class Action Lawsuit 02/10/2020

If you purchased a significant amount of shares of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) between October 31, 2019 and January 29, 2020, and / or if you purchased any NYSE: SPR shares prior to October 2019 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: April 10, 2020. NYSE: SPR investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Spirit AeroSystems Holdings
Case Name: 
Spirit AeroSystems Holdings Shareholder Class Action Lawsuit 02/10/2020
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: SPR
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
02/10/2020
Class Period Begin: 
10/31/2019
Class Period End: 
01/29/2020
Court of Filing: 
U.S. District Court for the Eastern District of Oklahoma
Deadline To File for Lead: 
04/10/2020
Summary: 

An investor in shares of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) filed a lawsuit in the U.S. District Court for the Eastern District of Oklahoma over alleged violations of Federal Securities Laws by Spirit AeroSystems Holdings, Inc. in connection with certain allegedly false and misleading statements made between October 31, 2019 and January 29, 2020.

Wichita, KS based Spirit AeroSystems Holdings, Inc. designs, manufactures, and supplies commercial aero structures in the United States and internationally. Spirit AeroSystems Holdings, Inc. reported that its annual Total Revenue rose from over $6.93 billion in 2017 to over $7.22 billion in 2018 and that its Net Income increased from $354.9 million in 2017 to $617 million in 2018. On January 30, 2020, Spirit AeroSystems Holdings, Inc announced Chief Financial Officer and Chief Accounting Officer resigned after a review found non-compliance with certain accounting processes after the end of the third quarter. Shares of Spirit AeroSystems Holdings, Inc (NYSE: SPR) declined from $92.81 per share on November 18, 2019 to as low as $62.78 per share on January 30, 2020.

According to the complaint the plaintiff alleges on behalf of purchasers of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) common shares between October 31, 2019 and January 29, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 31, 2019 and January 29, 2020, the defendants made false and/or misleading statements and/or failed to disclose that the Company lacked effective internal controls over financial reporting, that the Company did not comply with its established accounting principles related to potential contingent liabilities, and that as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.