ROSEN, LEADING INVESTOR COUNSEL, Encourages Spirit Aviation Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Fraud Lawsuit - FLYYQ
Markets.Businessinsider.Com·2025-10-04 02:21

Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased securities of Spirit Aviation Holdings, Inc. during the specified class period, highlighting potential financial misrepresentations by the company [1][5]. Group 1: Lawsuit Details - The class action lawsuit is aimed at purchasers of Spirit Aviation securities between May 28, 2025, and August 29, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A lead plaintiff must move the Court by December 1, 2025, to represent other class members in the litigation [3]. Group 2: Allegations Against Spirit Aviation - The complaint alleges that Spirit Aviation was at significant risk of failing to meet its debt obligations and may have to file for Chapter 11 bankruptcy protection within months [5]. - It is claimed that the defendants overstated the company's financial condition and liquidity while downplaying adverse market conditions [5]. - The lawsuit asserts that the public statements made by the defendants were materially false and misleading, leading to investor damages when the true situation was revealed [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [4].