Investors who purchased or otherwise acquired publicly traded Class A common stock of Spirit AeroSystems Holdings Inc. between April 8, 2020, and September 7, 2023, and suffered damages may be eligible to receive a cash payment from a $29.2 million class action settlement.
Spirit AeroSystems Holdings Inc. agreed to pay $29.2 million to resolve allegations that the company and certain executives made false or misleading statements about the quality and safety of its products, including 737 MAX aircraft fuselages. The lawsuit claimed these alleged misrepresentations inflated the company’s stock price and caused investor losses when the true facts were revealed.
Who Is Eligible
Class members must meet the following criteria:
- Purchased or otherwise acquired publicly traded Spirit AeroSystems Class A common stock between April 8, 2020, and September 7, 2023, inclusive.
- Suffered damages as a result of the alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Financial institutions that purchased Spirit AeroSystems Class A common stock on behalf of beneficial owners must either forward the notice and claim form to those investors or provide their contact information to the claims administrator.
Settlement Details
The settlement fund totals $29,200,000. After deductions for taxes, notice and administration costs, attorneys’ fees, and expenses, the remaining funds will be distributed to eligible class members based on a court-approved plan of allocation.
The settlement administrator will determine each class member’s recognized claim based on:
- The number of shares purchased or acquired during the class period.
- The number and size of valid claims submitted.
- The alleged per-share price inflation at the time of each transaction.
- The 90-day statutory lookback provision, which may limit recoverable losses.
The estimated average recovery is $0.34 per eligible share before deductions. Actual payments may vary depending on the total number of valid claims and the specific recognized loss for each claimant.
Claimants whose calculated payment is less than $10 will not receive a payout.
How to File a Claim
Eligible investors can file a claim online or by mailing a completed claim form to the settlement administrator. The deadline to submit a claim is January 30, 2026.
Mailing address:
Spirit AeroSystems Holdings Inc. Securities Litigation
c/o Epiq Systems Inc.
P.O. Box 2817
Portland, OR 97208-2817
Claimants must provide:
- The last four digits of their Social Security number or full taxpayer identification number.
- Purchase and sale information, including trade dates, number of shares, and total prices.
- Documentation supporting all transactions, such as broker confirmation slips or account statements.
Failure to provide adequate documentation may result in claim rejection.
Payment Method
The settlement administrator will issue payments by paper check payable to the authorized claimant or beneficial owner.
Settlement Fund Allocation
The $29.2 million settlement fund includes:
- Attorneys’ fees: Up to $8,760,000
- Attorneys’ expenses: Up to $213,000
- Notice and administration costs: To be determined
- Payments to class members: Remaining balance
Important Dates
- Exclusion (opt-out) deadline: December 19, 2025
- Fairness hearing: January 16, 2026
- Claim filing deadline: January 30, 2026
Payment Timeline
Payments will be distributed after the court grants final approval and any appeals are resolved.
Background of the Case
The lawsuit alleged that Spirit AeroSystems and certain executives violated federal securities laws by making false or misleading statements about the safety and quality of aircraft components supplied to Boeing, including 737 MAX fuselages. Plaintiffs argued that these statements artificially inflated stock prices, leading to investor losses when corrective disclosures became public.
Spirit AeroSystems denied all wrongdoing but agreed to settle the lawsuit to avoid ongoing litigation costs and uncertainty.
Summary
- Settlement amount: $29.2 million
- Estimated payout: $0.34 per share (before deductions)
- Claim deadline: January 30, 2026
Sources:
Class Notice
Claim Form
Settlement Agreement
Settlement FAQ
