NEW YORK, Feb. 16, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Southwest Airlines Co. resulting from allegations that Southwest may have issued materially misleading business information to the investing public.
On January 30, 2020, the Wall Street Journal published an article entitled "Southwest Flew Millions on Jets With Unconfirmed Maintenance Records, Government Report Says" citing "a government report to be released in coming days[.]" The article stated, among other things, that "Southwest pilots flew more than 17 million passengers on planes with unconfirmed maintenance records over roughly two years, and in 2019 smashed both wingtips of a jet on a runway while repeatedly trying to land amid gale-force winds" and that "FAA managers in the Dallas-area office that supervises Southwest routinely allowed the carrier 'to fly aircraft with unresolved safety concerns.'"
On this news, Southwest's stock price fell $1.06 per share, or 1.86%, to close at $55.83 per share on January 30, 2020, injuring investors.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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