Investors in American Airlines Urged to Claim Losses in New Class Action Lawsuit by Levi & Korsinsky
Tuesday, July 30, 2024
Reading Time: 2 minutes
Levi & Korsinsky, LLP has issued a notification to investors in American Airlines Group Inc. (“American Airlines” or the “Company”) (NASDAQ: AAL) regarding a class action securities lawsuit.
CLASS ACTION NOTICE: This lawsuit aims to recoup damages for American Airlines investors who allegedly suffered financial losses due to securities fraud from January 25, 2024, to May 28, 2024. For further details and to connect with our team member, please follow the link below:
Case Overview:
Throughout the class period, the defendants issued numerous optimistic statements about American Airlines’ new sales and distribution strategy, aimed at decreasing internal costs and significantly boosting demand for its services. The lawsuit claims that these assertions misrepresented the actual situation at American Airlines and that the company was also hiding critical negative information, including the failure of its sales strategy to meet revenue expectations.
Next Steps:
If you incurred losses with American Airlines during the specified period, you must submit a request by September 16, 2024, to be appointed as the lead plaintiff. Serving as lead plaintiff is not required for you to participate in any potential financial recovery.
No Financial Obligation:
Class members are eligible for compensation without needing to pay any out-of-pocket expenses or fees. There is no obligation or cost to join this action.
Why Choose Levi & Korsinsky:
Levi & Korsinsky has a 20-year history of recovering substantial sums for wronged shareholders and has consistently succeeded in high-stakes litigation. With a dedicated team of over 70 professionals and specialized experience in complex securities litigation, our firm is well-equipped to represent investors. For the past seven years, Levi & Korsinsky has been featured in the ISS Securities Class Action Services’ Top 50 Report, ranking as one of the premier securities litigation firms in the U.S.
