ALLEGIANT TRAVEL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Allegiant Travel Company - ALGT
NEW ORLEANS, April 27, 2018 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have untilJune 25, 2018 to file lead plaintiff applications in a securities class action lawsuit against Allegiant Travel Company (NasdaqGS: ALGT), if they purchased the Company's securities between June 8, 2015 and April 13, 2018, inclusive (the "Class Period"). This action is pending in the United States District Court for the Central District of California.
What You May Do
If you purchased securities of Allegiant and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-algt/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by June 25, 2018.
About the Lawsuit
Allegiant and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On April 13, 2018, CBS News announced an impending exposé on a multitude of problems involving the Company's safety record. On this news, Allegiant's shares plummeted $14.20 to close at $151.05. The report was subsequently aired on April 15 2018, revealing a host of serious mechanical incidents, insufficient infrastructure and personnel to properly maintain the aircraft, and the Company's involvement in discouraging the reporting of safety and maintenance problems.
On this news, the price of Allegiant's shares again dropped $4.65 per share to close at $146.40.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.