Levi & Korsinsky, LLP announces that a LUV class action lawsuit has been filed on behalf of investors who purchased Southwest Airlines Co. (LUV) securities between June 13, 2020, and December 31, 2022. For more on the LUV Lawsuit please contact us today.
According to the Southwest lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Southwest continuously downplayed or ignored the serious issues with the technology it used to schedule flights and crews and how the Company stood to be affected worse than other airlines in the event of inclement weather, and (2) the Company did not discuss how its unique point-to-point service and aggressive flight schedule could leave it prone in the event of inclement weather; and (3) as a result, defendants’ statements about Southwest’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you suffered a loss in Southwest you have until March 13, 2023, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171