Los Angeles, California–(Newsfile Corp. – April 19, 2020) – The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Southwest Airlines Co. (NYSE: LUV) (“Southwest” or “the Company”) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 7, 2017 and June 25, 2019, inclusive (the ”Class Period”), are encouraged to contact the firm before April 20, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Southwest failed to maintain compliance with government safety and maintenance regulations. The safety problems were made even worse based on the Company’s influence over FAA officials, which resulted in lax oversight of its operations. The non-compliance with safety regulations put passengers at risk and increased the chance the Company would eventually face heightened scrutiny by the government. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Southwest, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.,