NEW YORK, NY / ACCESSWIRE / February 1, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Spirit AeroSystems Holdings, Inc. ("Spirit AeroSystem" or the "Company") (NYSE:SPR). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether Spirit AeroSystems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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In December 2019, Spirit AeroSystems commenced a review of its accounting process compliance and determined that it did not comply with established accounting processes related to certain potential contingent liabilities. Then, on January 30, 2019, Spirit AeroSystems announced the resignations of both its Chief Financial Officer and Principal Accounting Officer for failure to comply with accounting rules on contingencies.
On this news, Spirit's stock price fell $2.62 per share, or 3.87%, to close at $65.02 per share on January 30, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP