SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $200,000 From Investment in Spirit AeroSystem
05 Juni 2013 - 6:20PM
Brower Piven, A Professional Corporation announces that a class
action lawsuit has been commenced in the United States District
Court for the District of Kansas on behalf of purchasers of Spirit
AeroSystems Holdings, Inc. ("Spirit AeroSystems" or the "Company")
(NYSE:SPR) common stock during the period between May 5, 2011 and
October 24, 2012, inclusive (the "Class Period").
If you have suffered a net loss from investment in Spirit
AeroSystems Holdings, Inc. common stock purchased on or after May
5, 2011, and held through October 24, 2012, you may obtain
additional information about this lawsuit and your ability to
become a lead plaintiff by contacting Brower Piven at
www.browerpiven.com, by email at hoffman@browerpiven.com, by
calling 410/415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating
securities and class action cases of over 60 years.
No class has yet been certified in the above action. Members of
the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. If you wish to choose counsel to
represent you and the Class, you must apply to be appointed lead
plaintiff no later than August 2, 2013 and be selected by the
Court. The lead plaintiff will direct the litigation and
participate in important decisions including whether to accept a
settlement and how much of a settlement to accept for the Class in
the action. The lead plaintiff will be selected from among
applicants claiming the largest loss from investment in the Company
during the Class Period.
The complaint accuses the defendants of violations of the
Securities Exchange Act of 1934 by virtue of the defendants'
failure to disclose during the Class Period that the Company was
having difficulties executing its diversification and growth
strategy as it expanded its customer-base, manufacturing sites, and
product design capabilities, while managing multiple development
programs with significant design changes and schedule delays, and
that the Company lacked adequate internal and financial controls
over cost overruns associated with its 787 program, G650 Wing
program, BR725 program and G280 Wing program. According to the
complaint, following the Company's October 25, 2012 disclosure that
it expected to record charges against 2012 earnings, and to future
years' earnings, totaling $590 million, attributed to significant
operational problems with the Company's 787 program, G650 Wing
program, BR725 program, G280 Wing program, and other combined
programs, the value of Spirit AeroSystems shares declined
significantly.
If you choose to retain counsel, you may retain Brower Piven
without financial obligation or cost to you, or you may retain
other counsel of your choice. You need take no action at this time
to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation
Stevenson, Maryland
410/415-6616
hoffman@browerpiven.com
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