NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Allegiant Travel Company (NASDAQ:ALGT). The investigation concerns whether Allegiant has violated the federal securities laws and/or engaged in other unlawful business practices.
On April 15, 2018, Allegiant was featured on CBS’s “60 Minutes” to address aircraft safety and maintenance issues. 60 Minutes reported that Allegiant's planes are more likely than those of its competitors to have in-flight mechanical problems and described multiple safety incidents involving the Company's aircraft. According to the report, “Public documents show an alarming number of aborted takeoffs, cabin-pressure loss, emergency descents and unscheduled landings.” On this news, shares of Allegiant fell significantly from $151.05 to close at $146.40 on April 16, 2018, thereby injuring investors.
If you purchased or otherwise acquired Allegiant securities, have information or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at email@example.com, or by filling out this contact form to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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