NEW YORK, April 25, 2018 /PRNewswire/ -- Bernstein Liebhard
LLP announces that a class action lawsuit has been filed on behalf
of purchasers of the securities of Allegiant Travel Company
("Allegiant" or the "Company") (NASDAQ: ALGT) between June 8, 2015 and April 13,
2018, both dates inclusive (the "Class Period"). The lawsuit
seeks to recover damages for Allegiant investors under the federal
securities laws.
To join the Allegiant class action, and/or if you have
information relating to this matter, please visit our ALLEGIANT
SHAREHOLDER PAGE or contact Daniel
Sadeh toll free at (877) 779-1414 or
dsadeh@bernlieb.com.
According to the lawsuit, throughout the Class Period,
Defendants made 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.
On April 13, 2018, CBS News
aired a preview of a 60 Minutes segment revealing that
Allegiant's own pilots had serious concerns about the safety of
Allegiant's airplanes. On this news, Allegiant's stock fell
$14.20 per share or over 8% to close
at $151.05 per share on April 13, 2018.
Then, on April 15, 2018, 60
Minutes aired the full segment on Allegiant, which, in addition
to expanding on the litany of safety issues plaguing the Company,
further revealed that "Allegiant's maintenance department tries to
talk pilots out of reporting problems with their aircraft to avoid
delays and keep the planes moving." According to Allegiant's pilots
union President, Captain Daniel
Wells, this is illegal because "captains are required to
report any mechanical deficiencies of an aircraft." On this news,
Allegiant's stock fell $4.65 per
share or over 3% to close at $146.40
per share on April 16, 2018.
If you wish to serve as lead plaintiff, you must move the Court
no later than June 25, 2018. A lead
plaintiff is a representative party acting on behalf of other class
members in directing the litigation. Your ability to share in any
recovery doesn't require that you serve as lead plaintiff. If you
choose to take no action, you may remain an absent class
member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in
The Legal 500 for ten consecutive years.
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and Twitter: https://twitter.com/bernlieb.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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SOURCE Bernstein Liebhard LLP