LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired securities of Allegiant Travel Company (“Allegiant” or the “Company”) (NASDAQ: ALGT) between June 8, 2015 and April 13, 2018, inclusive (the “Class Period”). Allegiant investors have until June 25, 2018 to file a lead plaintiff motion.
To obtain information or actively participate in the class action, please visit the Allegiant page on our website at www.glancylaw.com/case/allegiant-travel-company. Investors that suffered losses on their Allegiant investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to email@example.com.
On April 15, 2018, Allegiant was featured in a 60 Minutes segment regarding safety and maintenance issues with the Company’s aircraft. 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.
On this news, Allegiant’s share price fell $4.65 per share, or 3%, to close at $146.40 per share on April 16, 2018, thereby injuring investors.
The Complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Allegiant lacked adequate systems to ensure its aircraft were being properly maintained; (2) consequently, Allegiant was not operating responsibly and ethically, and providing safe working conditions for its employees; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times.
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If you purchased shares of Allegiant during the Class Period you may move the Court no later than June 25, 2018 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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