SAN FRANCISCO, May 16, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in Allegiant Travel Company (NASDAQ:ALGT) of the June 25, 2018 securities class action Lead Plaintiff deadline. If you purchased or otherwise acquired shares of Allegiant Travel Company between June 8, 2015 and April 13, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/ALGT
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
On April 13, 2018, CBS News announced it would air a 60 Minutes segment criticizing Allegiant’s safety and maintenance record. This news drove the price of Allegiant shares down $14.20, or about 8.6%, to close at $151.05 that day. On April 16, 2018, the day after the 60 Minutes segment, the price of Allegiant shares fell another $4.65, over 3%, to close at $146.40 that day.
“We’re focused on Defendants’ apparently misleading claims that Allegiant’s technicians were sufficiently trained, claims they maintained the Company’s aircrafts consistent with FAA regulations, and investors’ substantial losses,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Allegiant should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email ALGT@hbsslaw.com.
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Contact:
Reed Kathrein, 510-725-3000