UPDATE 1-US court rejects investor lawsuit against Boeing supplier Spirit AeroSystems

A U.S. appeals court on Monday upheld the dismissal of a lawsuit accusing Boeing supplier Spirit AeroSystems of misleading investors by withholding information about production cuts on the 737 MAX following two crashes in 2018 and 2019. A three-judge panel of the Denver-based 10th U.S. Circuit Court of Appeals ruled 2-1 that investors pursuing the proposed class action against Spirit had not met the "stiff burden" required for allegations of fraud. Spirit AeroSystems did not immediately respond to a request for comment.