SAN DIEGO, Nov. 8, 2019 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential
claims on behalf of Allegiant Travel Company (NasdaqGS: ALGT)
("Allegiant" or the "Company") against certain of its officers and
directors.
Recently, a class action lawsuit pending in the United States District Court for the
District of Nevada against
Allegiant and certain of its executives survived, in part,
Defendants' attempts to have the case dismissed. The
operative complaint filed in the class action lawsuit alleges that
Allegiant used second-hand aircraft to fly travelers, and that
beginning in 2015, Allegiant experienced numerous aircraft
maintenance and repair issues with its second-hand aircraft which,
the class action complaint alleges, resulted in cancellations,
delays, emergency landings, and aborted takeoffs. At the same
time, the class action alleges, Allegiant and certain of its
executives made materially false and misleading statements and
omissions regarding safety and reliability. Then, according
to the class action complaint, in April
2018, the CBS television network broadcast a story regarding
Allegiant's maintenance and repair issues, and Allegiant's stock
price dropped thereafter.
If you are a current, long-term shareholder of Allegiant stock,
you may have standing to hold Allegiant harmless from the alleged
harm caused by the officers and directors of the Company by making
them personally responsible. You may also be able to assist
in reforming the Company's corporate governance to prevent future
wrongdoing.
If you are interested in learning more about the investigation,
please contact Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If you email,
please include your phone number.
Additionally, if you are a current, long-term holder of
Allegiant stock, you can [Click here to join this action].
There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual
and institutional investors in shareholder derivative and
securities class action lawsuits. For more information about
the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising.
Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP