The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Spirit AeroSystems...
The Law Offices of Frank R. Cruz reminds investors of the
upcoming April 10, 2020 deadline to file a lead plaintiff
motion in the class action filed on behalf of Spirit AeroSystems
Holdings Inc. (“Spirit” or the “Company”) (NYSE: SPR) investors who
purchased securities between October 31, 2019 and January 29,
2020, inclusive (the “Class Period”).
If you are a shareholder who suffered a loss, click here to
On January 30, 2020, Spirit issued a press release announcing
executive officer changes. Therein, Spirit stated 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.” Moreover, the Company stated that,
“[i]n light of these findings,” Spirits’ Chief Financial Officer,
Jose Garcia, and Principal Accounting Officer, John Gilson,
resigned from their positions.
On this news, the Company’s share price fell $2.56, or nearly
4%, to close at $65.08 per share on January 30, 2020, on usually
heavy trading volume.
The complaint alleges that defendants throughout the Class
Period made false and/or misleading statements and/or failed to
disclose that: (1) the Company lacked effective internal controls
over financial reporting; (2) the Company did not comply with its
established accounting principles related to potential contingent
liabilities; and (3) 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
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If you purchased or otherwise acquired Spirit securities during
the Class Period, you may move the Court no later than April 10,
2020 to request appointment as lead plaintiff in this putative
class action lawsuit. To be a member of the class action you need
not take any action at this time; you may retain counsel of your
choice or take no action and remain an absent member of the class
action. If you wish to learn more about this class action, or if
you have any questions concerning this announcement or your rights
or interests with respect to the pending class action lawsuit,
please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz,
1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067
at 310-914-5007, by email to firstname.lastname@example.org, or visit our
website at www.frankcruzlaw.com. If you inquire by email please
include your mailing address, telephone number, and number of
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The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 email@example.com www.frankcruzlaw.com