RADNOR, Pa., Aug. 14, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP ( www.ktmc.com ) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of Texas against American Airlines Group Inc. (“American Airlines”) ( NASDAQ: AAL ) on behalf of investors who purchased or acquired American Airlines’s securities between January 25, 2024 and May 28, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is September 16, 2024.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered American Airlines losses, you may CLICK HERE or go to: https://www.ktmc.com/new-cases/american-airli...amp;mktm=r
You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com .
Please CLICK HERE to view our video or copy and paste this link into your browser: https://youtu.be/bMp5y7PZU2M
DEFENDANTS’ ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements regarding American Airlines’s new sales and distribution strategy to reduce internal expenses while simultaneously driving a significant demand increase for American Airlines’s services. The complaint further alleges that these statements misrepresented the true state of American Airlines, and that American Airlines was simultaneously concealing material adverse facts including, notably, that American Airlines’s sales and distribution strategy was not driving projected revenue.
THE LEAD PLAINTIFF PROCESS: American Airlines investors may, no later than September 16, 2024, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages American Airlines investors who have suffered significant losses to contact the firm directly to acquire more information.
CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/american-airli...amp;mktm=r
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com .
CONTACT:
Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 info@ktmc.com
May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.
