Spirit AeroSystems Holdings Inc. has agreed to pay investors more than $29 million to settle claims that it hid problems affecting parts for Boeing Co.'s 737 Max airplane, according to a court filing Friday.
The deal should get preliminary approval, investors representing a proposed class told the US District Court for the Southern District of New York. Judge Paul A. Engelmayer oversees the case.
The investors alleged Spirit failed to disclose quality-control problems with aircraft parts that led its customer Boeing to halt deliveries of its 737 Max plane. The identification of Spirit as the supplier led its stock price ...
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