NEW YORK, 16 August 2024 /PRNewswire/ — 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 aim of the lawsuit is to recover losses on behalf of American Airlines investors caused by allegedly 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 can also Joseph E. Levi, Esq. by email to (email protected) or by phone at (212) 363-7500.
CASE DETAILS: During the class action litigation, the defendants made mostly positive statements to investors about American’s new sales and distribution strategy, which is designed to reduce internal costs while significantly increasing demand for the company’s airline services. The lawsuit claims that these statements misrepresented the true state of America and that the Company simultaneously concealed material adverse facts, including, in particular, that the Company’s sales and distribution strategy did not result in projected sales.
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 cases. Our firm has extensive experience representing investors in complex securities litigation and a team of over 70 people dedicated to serving our clients. For seven consecutive years, Levi & Korsinsky has been recognized as one of the leading securities litigation firms in the ISS Securities Class Action Services Top 50 Report. the United States.
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
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