NEW YORK, NY / ACCESSWIRE / May 25, 2018 / Pomerantz LLP is investigating claims on behalf of investors of Allegiant Travel Company ("Allegiant" or the "Company") (NASDAQ: ALGT). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Allegiant and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here to join a class action]
On April 15, 2018, CBS aired a 60 Minutes report addressing aircraft safety and maintenance issues at Allegiant. Citing industry standards and a review of Federal Aviation Administration records, 60 Minutes reported, in relevant part, that Allegiant's planes are more likely than those of its competitors to have in-flight mechanical problems and described multiple safety incidents involving the Company's aircraft. On this news, Allegiant's share price has fallen sharply during intraday trading on April 16, 2018.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
SOURCE: Pomerantz LLP
