WILMINGTON, Del., March 6, 2015 /PRNewswire/ -- Rigrodsky
& Long, P.A.:
- Do you, or did you, own shares of Volaris Aviation Holding
Company (NYSE: VLRS)?
- Did you purchase your shares pursuant and/or traceable to
the initial public offering on or about September 18, 2013?
- Did you lose money in your investment in Volaris Aviation
Holding Company?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A., including former Special Assistant
United States Attorney, Timothy J.
MacFall, announces that a complaint has been filed in the
United States District Court for the Southern District of
New York on behalf of all persons
or entities that purchased the American Depository Shares ("ADSs")
of Volaris Aviation Holding Company ("Volaris" or the "Company")
(NYSE: VLRS) pursuant and/or traceable to its initial public
offering ("IPO") on or about September 18,
2013 (collectively, the "Class Period"), alleging violations
of the Securities Act of 1933 against the Company and certain of
its officers (the "Complaint").
If you purchased shares of Volaris in and/or traceable to the
Company's IPO and wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact
Timothy J. MacFall, Esquire or Peter
Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway,
Suite 120, Wilmington, DE 19803 at
(888) 969-4242; by e-mail to info@rl-legal.com; or at:
http://www.rigrodskylong.com/investigations/volaris-aviation-holding-company-vlrs.
The Complaint alleges that throughout the Class Period,
defendants made materially false and misleading statements, and
omitted materially adverse facts, about the Company's business,
operations and prospects. Specifically, the Complaint alleges
that the Registration Statement issued in connection with the IPO
negligently contained financial statements that were presented in
violation of applicable accounting standards and the Company's
publicly disclosed accounting policies. As a result of
defendants' false and misleading statements, the Company's stock
traded at artificially inflated prices during the Class
Period.
According to the Complaint, the Company's Registration Statement
failed to disclose certain material events known to defendants that
rendered the Registration Statement materially false and
misleading. According to the suit, the misstatements and
omissions include: (1) the financial effects ensuing from a change
in the Company's airline reservation system; and (2) an expansion
of competition in the Tijuana and
Guadalajara, Mexico markets, which
was having a material adverse effect on the Company's revenues and
profit margins at the time of the IPO.
If you wish to serve as lead plaintiff, you must move the Court
no later than April 27,
2014. A lead plaintiff is a representative party
acting on behalf of other class members in directing the
litigation. In order to be appointed lead plaintiff, the
Court must determine that the class member's claim is typical of
the claims of other class members, and that the class member will
adequately represent the class. Your ability to share in any
recovery is not, however, affected by the decision whether or not
to serve as a lead plaintiff. Any member of the proposed
class may move the court to serve as lead plaintiff through counsel
of their choice, or may choose to do nothing and remain an absent
class member.
While Rigrodsky & Long, P.A. did not file the Complaint in
this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, including claims
for breach of fiduciary duty and proxy violations in the
Delaware Court of Chancery and in
state and federal courts throughout the
United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/rigrodsky--long-pa-announces-a-securities-fraud-class-action-lawsuit-has-been-filed-against-volaris-aviation-holding-company-300047028.html
SOURCE Rigrodsky & Long, P.A.