NEW YORK, August 28, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in American Airlines Group Inc. (“American Airlines” or the “Company”) (NASDAQ: AAL) in a securities class action lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of American Airlines investors who were harmed by alleged securities fraud between January 25, 2024 and May 28, 2024. Follow the link below for more information and to be contacted by a member of our team:
EEL Investors may also contact Joseph E. Levi, Esq. by email at [email protected] or by phone at (212) 363-7500.
CASE DETAILS: 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.
WHAT’S NEXT? If you have suffered a loss with American Airlines during the relevant period, you have until 16 September 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any compensation is not dependent on your serving as lead plaintiff.
NO COST TO YOU: If you are a member of a class action lawsuit, you may be entitled to compensation without incurring any out-of-pocket costs or fees. Participation is free of charge and involves no obligations.
WHY LEVI & KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has recovered hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes litigation. Our firm has extensive experience representing investors in complex securities litigation and a team of over 70 dedicated to serving our clients. For seven consecutive years, Levi & Korsinsky has been ranked as one of the top securities litigation firms in the United States in the ISS Securities Class Action Services Top 50 Report.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th floor
New York, NY 10004
[email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
