NEW ORLEANS, May 18, 2018 /PRNewswire/ -- ClaimsFiler, a
FREE shareholder information service, reminds investors that they
have until June 25, 2018 to
file lead plaintiff applications in a securities class action
lawsuit against Allegiant Travel Company (NasdaqGS: ALGT), if they
purchased the Company's securities between June 8, 2015 and April 13,
2018, inclusive (the "Class Period"). This action is
pending in the United States
District Court for the Central District of California.
Get Help
Allegiant investors should visit us at
https://www.claimsfiler.com/cases/view-allegiant-travel-company-securities-litigation
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Allegiant and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
On April 13, 2018, CBS News
announced an impending exposé on a multitude of problems involving
the Company's safety record. On this news, Allegiant's shares
plummeted $14.20 to close at
$151.05. The report was
subsequently aired on April 15, 2018,
revealing a host of serious mechanical incidents, insufficient
infrastructure and personnel to properly maintain the aircraft, and
the Company's involvement in discouraging the reporting of safety
and maintenance problems.
On this news, the price of Allegiant's shares again dropped
$4.65 per share to close at
$146.40.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
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