Class Action Reports

LUV Class Action: Learn About the Southwest Lawsuit

Levi & Korsinsky, LLP

January 17, 2023

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.

 

TO LEARN MORE ABOUT THE LUV CLASS ACTION LAWSUIT, CLICK HERE

 

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.

 

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com