BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Allegiant Travel Company (“Allegiant” or the “Company”) (NASDAQ: ALGT) securities 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.
Investors that suffered losses on their Allegiant investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.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.
If you purchased shares of Allegiant during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.