Anderson v. Spirit Aerosystems Holdings, Inc.

MEMORANDUM AND ORDER

ERIC F. MELGREN, District Judge.

Defendants challenge whether Plaintiffs have properly pled a claim for securities fraud under the pleading standards of the Private Securities Litigation Reform Act. Plaintiffs accuse Defendants of making misleading statements that artificially inflated Spirit’s stock price before Spirit recorded a $590 million forward-loss charge in 2012. To., survive Defendants’ motion to dismiss, Plaintiffs’ consolidated complaint must properly plead that Defendants made false statements of material fact with scienter, which means having the intent to…