NEW YORK, August 21, 2024 (GLOBE NEWSWIRE) — The Gross Law Firm issues the following notice to shareholders of American Airlines Group Inc. (NASDAQ:AAL).
Shareholders who purchased shares of AAL during the indicated period are encouraged to contact the firm regarding a possible appointment as lead plaintiff. Appointment as lead plaintiff is not required to participate in any compensation.
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LESSON: 25 January 2024 to 28 May 2024
ALLEGATIONS: During the class action litigation, defendants made mostly positive statements to investors about American’s new sales and distribution strategy, which was designed to reduce internal costs while significantly increasing demand for the company’s airline services. The lawsuit alleges that these statements misrepresented American’s true condition and that the company simultaneously concealed material adverse facts, including, in particular, that the company’s sales and distribution strategy did not produce projected revenues.
DEADLINE: 16 September 2024 Shareholders should not hesitate to sign up for this class action lawsuit. Register your information here: https://securitiesclasslaw.com/securities/american-airlines-loss-submission-form/?id=96728&from=3
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AAL during the above-mentioned period, you will be enrolled in portfolio monitoring software that will provide you with status updates throughout the lifecycle of the case. The deadline to apply to be lead plaintiff is September 16, 2024. There is no cost and no obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action litigation firm. Our mission is to protect the rights of all investors who have suffered from deception, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and act as corporate citizens. The firm seeks compensation on behalf of investors who have suffered losses when a company’s false and/or misleading statements or omission of material information have resulted in the artificial inflating of the company’s stock price. Attorney Advertising. Past results do not guarantee similar results.
CONTACT:
The law firm Gross
15 West 38th Street, 12th floor
New York, NY, 10018
Email: [email protected]
Phone: (646) 453-8903
