LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Allegiant Travel Company ("Allegiant" or the "Company") (NASDAQ: ALGT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The CBS program 60 Minutes broadcast on April 15, 2018 included a number of disturbing revelations about Allegiant, including that the company’s aircraft have suffered “an alarming number of aborted takeoffs, cabin pressure loss, emergency descents, and unscheduled landings.” 60 Minutes also reported that Allegiant’s maintenance department “tries to talk pilots out of reporting problems with their aircraft to avoid delays and keep the planes moving.” Following the broadcast, shares of Allegiant fell more than 3%, or $4.65 per share, closing at $146.60 per share on April 16, 2018.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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