Spirit AeroSystems Holdings, Inc.
The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Oklahoma on behalf of those who acquired Spirit AeroSystems Holdings, Inc. (“Spirit” or the “Company”) (NYSE: SPR) securities during the period from October 31, 2019 through January 29, 2020. Investors have until April 10, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that the Company failed to disclose that: (i) Spirit lacked effective internal controls over financial reporting; and (ii) Spirit did not comply with its established accounting principles related to potential contingent liabilities.
On January 30, 2020, the Company announced that Spirit had determined that it did not comply with its accounting procedures “related to certain potential continegent liabilities that were received by Spirit after the end of third quarter of 2019” and that Defendants Jose Garcia, Senior Vice President and Chief Financial Officer, and John Gilson, Vice President, Controller and Principal Accounting Officer, had resigned.
On this news, Spirit’s stock price fell $2.56 per share, or 3.78%, to close at $65.08 per share on January 30, 2020.
If you acquired Spirit securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.