Hagens Berman Notifies Spirit AeroSystems Holdings, Inc. Investors of Aug. 2, 2013, Lead Plaintiff Deadline
11 Juni 2013 - 3:35PM
Business Wire
Hagens Berman Sobol Shapiro, LLP, a national investor-rights law
firm, is notifying investors in Spirit AeroSystems Holdings, Inc.
(NYSE:SPR) (“SPR” or “the Company”) of the Aug. 2, 2013, deadline
to seek the role of lead plaintiff in a lawsuit filed on their
behalf. Investors who suffered significant losses are welcome to
contact Hagens Berman Partner Reed Kathrein, who is leading the
firm’s investigation, by emailing SPR@hbsslaw.com or calling
510-725-3000.
If you purchased shares of SPR common stock between May 5, 2011,
and Oct. 24, 2012, inclusive (the “Class Period”), suffered
significant losses and wish to be a lead plaintiff in the pending
class action, you may also contact Mr. Kathrein by submitting
information at http://www.hb-securities.com/investigations/SPR.
On Oct. 25, 2012, SPR disclosed for the first time that it
expected to record $590 million in charges against 2012 and future
years’ earnings. The charges were attributed to significant
operational problems in its product lines. Following the
disclosure, SPR’s stock price fell sharply by $6.55 per share—or 30
percent—to close at $15.11 on Oct. 25, 2012.
Hagens Berman’s investigation centers on whether or not SPR was
aware of these charges prior to the disclosure and if the company
made false and/or misleading statements that led to significant
investor losses.
“Our concern is that Spirit AeroSystems knew more than they were
letting on,” said Mr. Kathrein. “It seems odd that nearly $600
million in charges could have come on so suddenly and
unexpectedly—particularly just after insiders unloaded several
million dollars of their shares in the company.”
Investors who wish to serve as lead plaintiff in the case must
move the court no later than Aug. 2, 2012. Any investor during the
Class Period may file to serve as lead plaintiff through counsel of
their choice, or may choose to do nothing and remain an absent
class member.
Hagens Berman reminds whistleblowers with inside information
that rewards may be available to individuals who report information
leading to a successful enforcement action by the Securities and
Exchange Commission. Under the new SEC whistleblower program,
whistleblowers who provide original information may receive rewards
totaling up to 30 percent of any successful recovery made by the
SEC.
About Hagens Berman
Hagens Berman Sobol Shapiro, LLP is an investor-rights
class-action law firm with offices in 10 cities. The Firm
represents investors, whistleblowers, workers and consumers in
complex litigation. More about the law firm and its successes can
be found at www.hbsslaw.com. The Firm’s securities law blog is at
http://www.meaningfuldisclosure.com.
Firmani + AssociatesMark Firmani,
206-443-9357Mark@firmani.com
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