VOLARIS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Exces...
March 27 2015 - 10:00PM
Business Wire
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until April 27, 2015 to file lead
plaintiff applications in a securities class action lawsuit against
Volaris Aviation Holding Company (NYSE: VLRS) if they purchased the
Company’s Ordinary Participation Certificates in the form of
American Depositary Shares in and/or traceable to the Company’s
initial public offering (“IPO”) on or about September 18, 2013.
This action is pending in the United States District Court for the
Southern District of New York.
What You May Do
If you purchased shares of Volaris and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, you may, without obligation or
cost to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by April 27, 2015.
About the Lawsuit
Volaris and certain of its executives are charged with failing
to disclose material information in connection with its IPO,
violating federal securities laws.
The lawsuit alleges that the Registration Statement issued in
connection with the IPO negligently contained financial statements
that violated applicable accounting standards and failed to
disclose certain material events known to defendants that caused
the financial information in the Registration Statement not to be
indicative of Volaris’s future operating results, including: (i)
the financial effects from a change in the Company’s airline
reservation system; and (ii) 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.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former
Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers
with significant experience litigating complex securities class
actions nationwide on behalf of both institutional and individual
shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLCLewis Kahn, Managing Partner,
877-515-1850lewis.kahn@ksfcounsel.com
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