Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against Spirit AeroSystems Holdings, Inc. (SPR) & Encourages Inves...
February 17 2020 - 5:17PM
Business Wire
Kaskela Law LLC announces that a shareholder class action
lawsuit has been filed against Spirit AeroSystems Holdings, Inc.
(“Spirit” or the “Company”) (NYSE:SPR) on behalf of investors who
purchased shares of the Company’s common stock between October
31, 2019 through January 29, 2020, inclusive (the “Class
Period”).
Spirit investors are encouraged to contact Kaskela Law LLC
(David Seamus Kaskela, Esq.) at (484) 258 – 1585, or online at
www.kaskelalaw.com/case/spirit-aerosystems/, for additional
information about this action and their legal rights and
options.
On January 30, 2020, Spirit issued a press release disclosing
that it had “received information through its established
compliance processes that led Spirit to commence a review of its
accounting process compliance. As a result of the review, which is
ongoing, Spirit determined that it did not comply with its
established accounting processes related to certain potential
contingent liabilities that were received by Spirit after the end
of third quarter 2019.” The Company also disclosed that its Chief
Financial Officer, and its Controller and Principal Accounting
Officer, had “tendered their resignations.” Following this news,
shares of the Company’s common stock declined $2.56 per share, or
over 3.5% in value.
The shareholder class action complaint alleges that Spirit
issued a series of false and misleading statements to investors
during the Class Period, and failed to disclose that (i) the
Company lacked effective internal controls over financial
reporting, and (ii) the Company did not comply with its established
accounting principles related to potential contingent
liabilities.
IMPORTANT DEADLINE: Investors who purchased Spirit’s
common stock during the Class Period may, no later than April 10, 2020, seek to be
appointed as a lead plaintiff representative in the action.
Spirit investors are encouraged to contact Kaskela Law LLC prior
to the April 10, 2010 deadline to discuss this action and their
legal rights and options. Kaskela Law LLC exclusively represents
investors in securities fraud, corporate governance, and merger
& acquisition litigation. For additional information about
Kaskela Law LLC please visit www.kaskelalaw.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200217005487/en/
David Seamus Kaskela, Esq. KASKELA LAW LLC 18 Campus
Boulevard, Suite 100 Newtown Square, PA 19073 (484) 258 – 1585
www.kaskelalaw.com skaskela@kaskelalaw.com
Spirit Aerosystems (NYSE:SPR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Spirit Aerosystems (NYSE:SPR)
Historical Stock Chart
From Sep 2023 to Sep 2024