SPR - Bragar Eagel & Squire P.C. Is Investigating Spirit Equity and SiTime and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Feb. 04, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Spirit AeroSystems Holdings, Inc. (NYSE:SPR), Equity Lifestyle Properties, Inc. (NYSE:ELS), and SiTime Corporation (NASDAQ:SITM). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR)
On January 5, 2024, a Boeing 737 aircraft operated by Alaska Airlines experienced an in-flight departure of an in-cabin door plug, causing the cabin to become depressurized and forcing an emergency landing. On January 6, 2024, the Federal Aviation Administration issued a grounding order, stating that "Boeing 737-9 aircraft will remain grounded until operators complete enhanced inspections which include both left and right cabin door exit plugs, door components, and fasteners" and that "[o]perators must also complete corrective action requirements based on findings from the inspections prior to bringing any aircraft back into service."
On this news, Spirit's stock price fell $3.53 per share, or 11.13%, to close at $28.20 per share on January 8, 2024.
For more information on the Spirit investigation ...