We are investigating Spirit AeroSystem Holdings, Inc. (SPR) (“Spirit” or the “Company”) for potential violations of the federal securities laws.
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.