Bronstein, Gewirtz & Grossman, LLC Announces Investigation of
Spirit AeroSystems Holding, Inc.
NEW YORK, Oct. 26, 2012
/PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz
& Grossman, LLC is investigating potential claims on behalf of
purchasers of the securities of Spirit AeroSystems, Inc. ("Spirit"
or the "Company") (NYSE: SPR). The investigation focuses on
whether the Company and its executive's violated federal securities
laws by disclosing misguided statements regarding the Company's
business prospects.
On October 25, 2012, Shares of
Spirit plummeted 32% or $6.97 to
close at $14.69 after the company
disclosed that it will take a charge of $590
million, or $1.82 per share,
in the third quarter. The news threw into question the
company's profit for the quarter, and raised questions about
Spirit's ability to forecast performance. Some analysts had
expected Spirit to post 53 cents a
share in profit when it reports earnings next week. Spirit
has a history of recording charges for plane programs, but the size
of the charges caught the market off guard. "Management had
previously mentioned that charges would likely come through this
quarter, but this magnitude is a surprise," one analyst said in a
note to clients.
If you are aware of any facts relating to this investigation, or
purchased shares of Spirit, you can assist this investigation by
contacting either Peretz Bronstein
or Eitan Kimelman of Bronstein,
Gewirtz & Grossman, LLC at 212-697-6484 or via email
eitan@bgandg.com. Those who inquire by e-mail are encouraged to
include their mailing address and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman, 212-697-6484
eitan@bgandg.com
SOURCE Bronstein, Gewirtz & Grossman, LLC