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flag Spirit executives sued for hiding financial troubles, misleading investors before bankruptcy risk surfaced.

flag A class action lawsuit has been filed against Spirit Aviation Holdings, Inc. (FLYYQ), alleging executives made false or misleading statements about the company’s financial health between May 28 and August 29, 2025, despite knowing Spirit faced a high risk of bankruptcy and could not meet debt obligations. flag The complaint claims the company concealed its deteriorating financial condition, including substantial doubt about its ability to continue as a going concern, leading to investor losses after the truth emerged in an August 11, 2025, filing. flag Investors who bought Spirit securities during the class period may apply to be lead plaintiff by December 1, 2025.

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