SOURCE: Kahn Swick & Foti, LLC

June 04, 2013 22:00 ET

SPIRIT AEROSYSTEMS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Spirit AeroSystems Holdings, Inc. - SPR

NEW ORLEANS, LA--(Marketwired - Jun 4, 2013) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 2, 2013 to file lead plaintiff applications in a securities class action lawsuit against Spirit AeroSystems Holdings, Inc. (NYSE: SPR), if they purchased the Company's securities during the period between May 5, 2011 and October 24, 2012, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Kansas.

What You May Do

If you purchased shares of Spirit AeroSystems and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 2, 2013.

About the Lawsuit

Spirit AeroSystems and certain of its senior executives are charged with issuing a series of materially false and misleading statements during the Class Period, in violation of federal securities laws. 

These false statements and omissions included, in part, that: (a) the Company was having difficulties in executing its diversification and growth strategy as it expanded its customer-base, manufacturing sites, and product design capabilities, while managing multiple development programs with significant design changes and schedule delays; (b) the Company lacked adequate internal and financial controls, specifically adequate controls over cost overruns for numerous programs; and (c) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

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