SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in Spirit AeroSystems Holdings, Inc. o...
12 Juli 2013 - 7:46PM
Business Wire
Levi & Korsinsky announces that a class action lawsuit has
been commenced in the United States District Court for the District
of Kansas on behalf of investors who purchased Spirit AeroSystems
Holdings, Inc. (“Spirit AeroSystems” or the “Company”) (NYSE: SPR)
stock between May 5, 2011 through October 24, 2012.
For more information, click here:
http://zlk.9nl.com/spirit-aerosystems-holdings-spr/.
The Complaint alleges that throughout the Class Period,
defendants made false and/or misleading statements and/or failed to
disclose that: (a) 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; (b) the Company
lacked adequate internal and financial controls, particularly in
relation to cost overruns on its 787, G650 Wing, BR725, and G280
Wing programs; and (c) as a result of the above, the Company’s
financial statements were materially false and misleading at all
relevant times.
On October 25, 2012, the Company disclosed that it expected to
record charges against 2012 earnings and future years’ earnings
totaling $590 million, attributed to significant operational
problems across multiple product lines. On this news, Spirit
AeroSystems stock fell from a close of $21.66 per share on October
24, 2012, to a close of $15.11 per share the following day.
If you suffered a loss in Spirit AeroSystems you have until
August 2, 2013 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn’t require
that you serve as a lead plaintiff. To obtain additional
information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (877) 363-5972, or visit
http://zlk.9nl.com/spirit-aerosystems-holdings-spr/.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, and Washington D.C. The firm has extensive
expertise in prosecuting securities litigation involving financial
fraud, representing investors throughout the nation in securities
and shareholder lawsuits. Attorney advertising. Prior results do
not guarantee similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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