Spirit AeroSystems Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information

Boston, Massachusetts, UNITED STATES

BOSTON, May 04, 2023 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed against Spirit AeroSystems Holdings, Inc. (NYSE: SPR) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/spr.

What is this all about?

After the market closed on April 13, 2023, Boeing announced that production and delivery of a “significant number” of its 737 Max planes could be delayed after being notified of a parts compliance issue by its supplier Spirit AeroSystems Holdings, Inc.

Boeing stated, “A supplier has notified us that a nonstandard manufacturing process was used during the installation of two fittings in the aft fuselage section of certain [737 MAX] airplanes, creating the potential for a nonconformance to required specifications,” and that “This is not an immediate safety of flight issue and the in-service fleet can continue operating safely. However, the issue will likely affect a significant number of undelivered 737 MAX airplanes, both in production and in storage.”

Shares of Spirit AeroSystems Holdings dropped sharply in premarket trading and were down more than 20% in intraday trading on April 14, 2023.

Who is eligible?

Anyone who purchased Spirit AeroSystems Holdings stock between April 8, 2020 and April 13, 2023, and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What should you do next?

The deadline to seek appointment as lead plaintiff is July 3, 2023. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.

Why should you contact Block & Leviton?

Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.

This notice may constitute attorney advertising.

260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com 

SOURCE: Block & Leviton LLP