An investigation on behalf of investors in Allegiant Travel Company (NASDAQ: ALGT) shares over potential wrongdoing at Allegiant Travel Company was announced.
San Diego, CA -- (SBWIRE) -- 09/26/2019 -- An investigation was announced over potential breaches of fiduciary duties by certain directors at Allegiant Travel Company.
Investors who purchased shares of Allegiant Travel Company (NASDAQ: ALGT) and currently hold any of those NASDAQ: ALGT shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Allegiant Travel officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On April 24, 2019, a lawsuit was filed against Allegiant Travel Company (NASDAQ: ALGT) over alleged violations of Federal Securities Laws. The plaintiff claims that between June 8, 2015 through April 13, 2018 the defendants made false and/or misleading statements and/or failed to disclose that Allegiant Travel Company lacked adequate systems to ensure its aircraft were being properly maintained, that consequently, Allegiant Travel Company was not operating responsibly and ethically, and providing safe working conditions for its employees, and that as a result, defendants' public statements were materially false and misleading at all relevant times.
Las Vegas, NV based Allegiant Travel Company, a leisure travel company, focuses on the provision of travel services and products to residents of under-served cities in the United States.
Shares of Allegiant Travel Company (NASDAQ: ALGT) rose from $81.19 per share in early 2014 to as high as $220.95 per share in September 2015. Allegiant Travel Company reported that its annual Total Revenue rose from over 1.36 billion in 2016 to over $1.5 billion in 2016 and that its Net Income declined from $219.59 million in 2016 to $194.9 million in 2017.
On April 15, 2018, Allegiant Travel Company was featured on 60 Minutes to address aircraft safety and maintenance issues. 60 Minutes reported 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.
Those who purchased shares of Allegiant Travel Company (NASDAQ: ALGT) have certain options and should contact the Shareholders Foundation.
Those who purchased shares of Allegiant Travel Company (NASDAQ: ALGT), have certain options and should contact the Shareholders Foundation.
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