LOS ANGELES, CA / ACCESSWIRE / February 5, 2020 / 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.
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SOURCE: The Schall Law Firm
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