Governance & Derivative

Spirit AeroSystems Holdings, Inc. (NYSE: SPR)

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Spirit AeroSystems Holdings, Inc. (NYSE: SPR).

On January 4, 2024, Alaska Airlines Flight 1282, a Boeing 737 Max 9 aircraft, was forced to make an emergency landing just six minutes after takeoff when a panel  of the plane (called a door plug) snapped off at 16,000 feet, leaving an open gaping hole and a harrowing experience suffered by the passengers. 

The resulting investigations by the National Transportation Safety Board and the U.S. Federal Aviation Administration, which grounded 171 of the 737 Max 9 aircraft indefinitely, has recently expanded to include Spirit, a major supplier to Boeing responsible for manufacturing about 70 percent of each 737 aircraft, including the fuselage, and the initial installation of the panel that broke off in Flight 1282.

KSF’s investigation is focusing on whether Spirit’s officers and/or directors breached their fiduciary duties to its shareholders or otherwise violated state or federal laws. 

If you have information that would assist KSF in its investigation, or have been a long-term holder of Spirit shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-833-938-0905 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or fill out the form on this page.