The Law Offices of Timothy L. Miles Is Investigating the Officers and Directors of Spirit AeroSystems Holdings, Inc. (SPR) on Behalf of Shareholders
On January 30, 2020, Spirit issued a press release entitled “Spirit AeroSystems Announces Finance Organization Leadership Transition.” Therein the Company disclosed that it had “received information through its established compliance processes that led Spirit to commence a review of its accounting process compliance. As a result of the review, which is ongoing, Spirit determined that it did not comply with its established accounting processes related to certain potential contingent liabilities that were received by Spirit after the end of third quarter 2019.” The Company also disclosed that its Chief Financial Officer, and its Controller and Principal Accounting Officer, had “tendered their resignations”.
The investigation seeks to determine whether Spirit’s executive officers and/or director violated the securities laws or breached their fiduciary duties to the Company and its stockholders.
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