Spirit AeroSystems’ 737 Max Woes Caused Stock Drop, Suit Says

Spirit AeroSystems Holdings Inc. failed to tell investors about quality-control problems with aircraft parts that led its customer Boeing Co. to halt deliveries of its 737 Max plane, according to a new securities suit.

The identification of Spirit as the supplier led its stock price to decline 20% on April 14, shareholder Hang Li says. Li filed the proposed class action Wednesday in the US District Court for the Southern District of New York.

The 737 Max drew intense scrutiny after a pair of crashes in 2018 and 2019 that killed 346 people. The US government has assigned multiple contributing ...