LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Spirit AeroSystems Holdings, Inc. (“Spirit AeroSystems” or “the Company”) (NYSE: SPR) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Spirit AeroSystems launched an internal review of its accounting process compliance in December 2019. The Company “determined that it did not comply with established accounting processes related to certain potential contingent liabilities.” The Company announced the resignations of its Chief Financial Officer and Principal Accounting Officer for failure to comply with accounting rules on contingencies on January 30, 2020. Shares of Spirit AeroSystems fell by almost 4% the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
