#Class Action #Pomerantz Law #Spirit Aviation

Pomerantz Law Firm Files Class Action Lawsuit for Spirit Aviation Investors

In a significant development for stakeholders of Spirit Aviation Holdings, Inc. (OTCMKTS: FLYYQ), Pomerantz LLP has announced the initiation of a class action lawsuit aimed at recovering damages for investors. The suit has been lodged in the United States District Court for the Southern District of Florida, specifically under docket number 25-cv-61959, covering all individuals and entities who purchased or acquired securities from Spirit between May 28, 2025, and August 29, 2025. This marked period, referred to as the "Class Period," is crucial for potential claimants seeking restitution for alleged violations of federal securities laws.

The lawsuit stems from assertions that the company, which operates as the parent entity of Spirit Airlines, failed to disclose essential information that might have impacted investor decisions. Specifically, the complaint cites breaches of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, alongside Rule 10b-5.

Interested investors are advised that the court has set a deadline of December 1, 2025, for individuals wishing to be designated as Lead Plaintiffs in the class action. A copy of the official complaint is available via Pomerantz Law Firm's website, and potential participants can connect with lead attorney Danielle Peyton to discuss joining the action.

Spirit Airlines, characterized as an ultra-low-cost carrier, provides air transport services to various U.S., Latin American, and Caribbean destinations. However, the company has faced its fair share of financial hurdles. In November 2024, the preceding entity, Spirit Airlines, Inc., declared a voluntary Chapter 11 bankruptcy, primarily due to accumulating losses and heightened competition.

In March 2025, following a pre-arranged Chapter 11 plan, Spirit emerged from bankruptcy, establishing itself as a new parent company while its former entity was restructured as a subsidiary. The firm's reorganization was aimed at enhancing its fiscal stability and boosting its operational framework.

On April 29, 2025, Spirit's stock was given a nod for listing on the NYSE American trading platform, carrying the ticker symbol