SPR LOSSES ALERT: Bernstein Liebhard LLP Announces that a Securities Class Action Lawsuit has Been Filed Against Spirit AeroS...
11 Februar 2020 - 7:00AM
Business Wire
Bernstein Liebhard, a nationally acclaimed investor rights law
firm, announces that a securities class action has been filed on
behalf of investors that purchased or acquired the securities of
Spirit AeroSystems Holdings, Inc. (“Spirit” or the “Company”)
(NYSE: SPR) between October 31, 2019 and January 29, 2020,
inclusive (the “Class Period”).
If you purchased Spirit securities, and/or would like to
discuss your legal rights and options please visit Spirit
Shareholder Class Action or contact Matthew E. Guarnero toll free
at (877) 779-1414 or MGuarnero@bernlieb.com.
According to the lawsuit, defendants throughout the Class Period
made false and/or misleading statements and/or failed to disclose
that: (1) the Company lacked effective internal controls over
financial reporting; (2) the Company did not comply with its
established accounting principles related to potential contingent
liabilities; and (3) as a result, defendants statements about its
business, operations, and prospects, were materially false and
misleading and/or lacked a reasonable basis at all relevant
times.
On January 30, 2020, before the market opened, the Company
issued a press release announcing that Spirit had determined that
it did not comply with its accounting procedures and that Garcia
and Gilson had resigned. On this news the Company’s shares fell
$2.56 per share or approximately 4% on unusually high volume to
close at $65.08 per share on January 30, 2020.
If you wish to serve as lead plaintiff, you must move the Court
no later than April 10, 2020. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. Your ability to share in any recovery doesn’t require
that you serve as lead plaintiff. If you choose to take no action,
you may remain an absent class member.
If you purchased Spirit securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/spiritaerosystemsholdingsinc-spr-shareholder-class-action-lawsuit-stock-fraud-249/apply/
or contact Matthew E. Guarnero toll free at (877) 779-1414
or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5
billion for its clients. In addition to representing individual
investors, the Firm has been retained by some of the largest public
and private pension funds in the country to monitor their assets
and pursue litigation on their behalf. As a result of its success
litigating hundreds of lawsuits and class actions, the Firm has
been named to The National Law Journal’s “Plaintiffs’ Hot List”
thirteen times and listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414. The
lawyer responsible for this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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version on businesswire.com: https://www.businesswire.com/news/home/20200210005897/en/
Matthew E. Guarnero Bernstein Liebhard LLP
https://www.bernlieb.com (877) 779-1414 MGuarnero@bernlieb.com
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