Allegiant Travel Company (NASDAQ: ALGT)

DEFENDANT NAME: Allegiant Travel Company
STOCK SYMBOL: NASDAQ: ALGT
CASE NUMBER:
COURT: U.S. District Court for the Central District of California
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: June 8, 2015 - April 13, 2018
LEAD PLAINTIFF DEADLINE: June 25, 2018
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 ALGT@hbsslaw.com
Hagens Berman Sobol Shapiro LLP reminds investors in Allegiant Travel Company (NASDAQ: ALGT) of the June 25, 2018 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Central District of California.
If you purchased or otherwise acquired shares of ALGT between June 8, 2015 and April 13, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing ALGT@hbsslaw.com.

On April 13, 2018, CBS News announced it would air a 60 Minutes segment criticizing Allegiant’s safety and maintenance record.  This news drove the price of Allegiant shares down $14.20, or about 8.6%, to close at $151.05 that day.  On April 16, 2018, the day after the 60 Minutes segment, the price of Allegiant shares fell another $4.65, over 3%, to close at $146.40 that day.

“We’re focused on Defendants’ apparently misleading claims that Allegiant’s technicians were sufficiently trained, claims they maintained the Company’s aircrafts consistent with FAA regulations, and investors’ substantial losses,” said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding Allegiant should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email ALGT@hbsslaw.com.


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04/30/18: Investigation