NEW YORK, July 19, 2013 /PRNewswire/ -- 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.
(Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
)
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.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP