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Kessler Topaz Meltzer & Check, LLP: Investor Class Action Filed Against Spirit AeroSystems Holdings, Inc. for Securities Fraud Violations

Notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired Spirit AeroSystems Holdings, Inc. (“Spirit”) (NYSE: SPR) securities from October 31, 2019 through January 29, 2020, inclusive (the “Class Period”).
 

Spirit investors may receive additional information about the case by clicking the link "Submit Your Information" above.

According to the complaint, Spirit designs, manufactures, and supplies commercial aero structures in the United States and internationally.

The Class Period commences on October 31, 2019, when Spirit filed a Form 10-Q with the SEC, which provided its financial results and position for the fiscal quarter ended September 26, 2019.

According to the complaint, on January 30, 2020, before the market opened, Spirit issued a press release announcing that Spirit had determined that it did not comply with its accounting procedures, and that, in light of those findings, Jose Garcia, Spirit’s Chief Financial Officer since January 9, 2019, and John Gilson, Spirit’s Vice President of Finance and Controller since January 8, 2018, had resigned. 

Following this news, Spirit’s shares fell $2.56 per share, or approximately 4%, to close at $65.08 per share on January 30, 2020.

The complaint alleges that, throughout the Class Period, the defendants made false and/or misleading statements and/or failed to disclose that: (1) Spirit lacked effective internal control over financial reporting; (2) Spirit did not comply with its established accounting principles related to potential contingent liabilities; and (3) as a result, the defendants’ statements about Spirit’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. 

If you are a member of the class described above, you may no later than April 10, 2020 move the Court to serve as lead plaintiff of the class, if you so choose.


A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Returning the attached form or communicating with any counsel is not necessary to participate or share in any recovery achieved in this case.  Any member of the purported class may move the court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.

Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter.  If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-844-887-9500 or 1-610-667-7706, or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form relating to your transactions for Spirit AeroSystems Holdings, Inc. (NYSE: SPR) securities from October 31, 2019 through January 29, 2020, inclusive (the “Class Period”).

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

* Denotes required field
 
 
 
 
 
 
# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Spirit AeroSystems Holdings, Inc. prior to the Class Period?
Are you a current or former employee of Spirit AeroSystems Holdings, Inc.?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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