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Class action lawsuits

Shareholder Class Actions Commenced Against Jasper Therapeutics, Inc., KBR, Inc., Spirit Aviation Holdings, Inc., and Molina Healthcare, Inc.

Strategic Insights

— 2 min read

Bragar Eagel & Squire, P.C. is a nationally recognized shareholder rights law firm that has filed class actions on behalf of stockholders of four publicly traded companies: Jasper Therapeutics, Inc., KBR, Inc., Spirit Aviation Holdings, Inc., and Molina Healthcare, Inc. The class actions have been initiated in response to alleged false and misleading statements made by the companies regarding their business, operations, and compliance policies. The lawsuits aim to protect the interests of investors who have suffered losses due to the companies' actions.

Key Takeaways:

  • Jasper Therapeutics, Inc. (NASDAQ:JSPR) Class Period: November 30, 2023 to July 3, 2025. The complaint alleges that the company made false and/or misleading statements regarding its business, operations, and compliance policies, including the lack of controls and procedures necessary to ensure that third-party manufacturers were manufacturing products in full accordance with cGMP regulations.
  • KBR, Inc. (NYSE:KBR) Class Period: May 6, 2025 to June 19, 2025. The complaint alleges that the company made materially false and misleading statements and/or failed to disclose that the U.S. Department of Defense's Transportation Command (TRANSCOM) had concerns regarding HomeSafe's ability to fulfill its Global Household Goods Contract.
  • Spirit Aviation Holdings, Inc. (OTCMKTS:FLYYQ) Class Period: May 28, 2025 to August 29, 2025. The complaint alleges that the company failed to disclose that it was at substantial risk of being unable to meet certain of its debt and other financial obligations and that it was at substantial risk of being forced to file for Chapter 11 bankruptcy protection within a mere matter of months.
  • Molina Healthcare, Inc. (NYSE: MOH) Class Period: February 5, 2025 to July 23, 2025. The complaint alleges that the company made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company's business, operations, and prospects.

Statistics:

  • The stock price of Jasper Therapeutics, Inc. (NASDAQ:JSPR) fell 22.5% on the same day the class action was filed on May 15, 2025.
  • The stock price of KBR, Inc. (NYSE:KBR) fell 18.1% on the same day the class action was filed on August 20, 2025.
  • The stock price of Spirit Aviation Holdings, Inc. (OTCMKTS:FLYYQ) fell 58.2% on September 3, 2025, the first day that the Company's common stock began trading on the over-the-counter ("OTC") market under the ticker symbol "FLYYQ."
  • The stock price of Molina Healthcare, Inc. (NYSE: MOH) fell 25.6% on the same day the class action was filed on August 25, 2025.

Sources:

  • Jasper Therapeutics, Inc. complaint available at [1](#_edn1)
  • KBR, Inc. complaint available at [2](#_edn2)
  • Spirit Aviation Holdings, Inc. complaint available at [3](#_edn3)
  • Molina Healthcare, Inc. complaint available at [4](#_edn4)
  • Bragar Eagel & Squire, P.C. press release available at [5](#_edn5)

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