Saturday, July 6, 2024
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Why This Matters: Rosen Law Firm, recognized globally for defending investor rights, is currently investigating potential securities claims on behalf of American Airlines Group Inc. shareholders. This inquiry stems from accusations that American Airlines might have disseminated materially deceptive business information to investors.
What This Means for Investors: Shareholders who have invested in American Airlines securities might be eligible for compensation. Notably, there are no upfront fees or costs; compensation is based on a contingency arrangement. Rosen Law Firm is actively preparing to initiate a class action lawsuit to recoup investor losses.
Steps for Shareholders: Shareholders interested in participating in the forthcoming class action can sign up at Rosen Legal Submission Form or contact Phillip Kim, Esq.
Background of the Allegations: The concerns arose after American Airlines reported on May 28, 2024, through an 8-K form to the SEC, post-market hours, that its Chief Commercial Officer would be departing from the company. Moreover, American Airlines revised its guidance downwards for its adjusted operating margin. Following this announcement, American Airlines’ stock experienced a significant drop of 13.5% on May 29, 2024.
Why Choose Rosen Law Firm: Investors are advised to choose legal counsel with a proven track record. The Rosen Law Firm is noted for its global representation of investors, specializing in securities class actions and shareholder derivative litigation. The firm holds a record for achieving the largest-ever securities class action settlement against a Chinese company. Furthermore, it was ranked No. 1 by ISS Securities Class Action Services in 2017 for the highest number of securities class action settlements and has consistently been in the top 4 since 2013. The firm has recovered vast sums for investors, including over $438 million in 2019. Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs’ Bar by Law360 in 2020, and many of the firm’s attorneys have been honored by Lawdragon and Super Lawyers.
