July 20, 2020 - A consolidated complaint was filed.

February 10, 2020 - An investor in shares of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) filed a lawsuit in the U.S. District Court for the Eastern District of Oklahoma over alleged violations of Federal Securities Laws by Spirit AeroSystems Holdings, Inc. in connection with certain allegedly false and misleading statements made between October 31, 2019 and January 29, 2020.

Wichita, KS based Spirit AeroSystems Holdings, Inc. designs, manufactures, and supplies commercial aero structures in the United States and internationally. Spirit AeroSystems Holdings, Inc. reported that its annual Total Revenue rose from over $6.93 billion in 2017 to over $7.22 billion in 2018 and that its Net Income increased from $354.9 million in 2017 to $617 million in 2018. On January 30, 2020, Spirit AeroSystems Holdings, Inc announced Chief Financial Officer and Chief Accounting Officer resigned after a review found non-compliance with certain accounting processes after the end of the third quarter. Shares of Spirit AeroSystems Holdings, Inc (NYSE: SPR) declined from $92.81 per share on November 18, 2019 to as low as $62.78 per share on January 30, 2020.

According to the complaint the plaintiff alleges on behalf of purchasers of Spirit AeroSystems Holdings, Inc. (NYSE: SPR) common shares between October 31, 2019 and January 29, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between October 31, 2019 and January 29, 2020, the defendants made false and/or misleading statements and/or failed to disclose that the Company lacked effective internal controls over financial reporting, that the Company did not comply with its established accounting principles related to potential contingent liabilities, and that 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.