NEW YORK, July 12, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Spirit AeroSystems Holdings, Inc. ("Spirit" or the "Company") (NYSE: SPR).
The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies. Specifically, the investigation focuses on whether Spirit: (i) failed to properly execute its diversification and growth strategy; and (ii) lacked adequate internal and financial controls, especially relating to cost overruns for the Company's 787 program, G650 Wing program, BR725 program, the G280 Wing program, and other programs (collectively, the "Programs").
On October 25, 2012, Spirit announced that it expected to record pre-tax charges on the Programs for a total of approximately $590 million. Following this news, the Company's stock dropped $6.55 or over 30%.Request more information now by clicking here: www.faruqilaw.com/SPR. There is no cost or obligation to you. Take Action If you invested in Spirit stock or options between May 5, 2011 and October 24, 2012 and would like to discuss your legal rights, visit www.faruqilaw.com/SPR. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Spirit's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. FARUQI & FARUQI, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Richard Gonnello, Esq. firstname.lastname@example.org Francis McConville, Esq. email@example.com Telephone: (877) 247-4292 or (212) 983-9330
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