An investigation on behalf of investors of American Airlines Group Inc. (NASDAQ: AAL) shares over potential securities laws violations by American Airlines Group Inc. and certain of its directors and officers in connection with certain financial statements was announced.
Investors who purchased shares of American Airlines Group Inc. (NASDAQ: AAL), have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of American Airlines Group Inc. (NASDAQ: AAL) concerning whether a series of statements by American Airlines Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 12, 2018, the Wall Street Journal published an article titled “Boeing Withheld Information on 737 Model, According to Safety Experts and Others.” According to the article, Boeing “withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month’s fatal Lion Air jet crash[.]”
On March 10, 2019, an Ethiopian Airlines-operated Boeing 737 Max 8 model airplane crashed in Addis Ababa, Ethiopia, shortly after take-off, killing all 157 people onboard. In the wake of the crash, regulators in China and several other countries grounded all Boeing 737 Max 8 jets.
Shares of American Airlines Group Inc. (NASDAQ: AAL) declined from $58.73 per share in January 2018 to as low as $30.88 per share on March 12, 2019.
Those who purchased shares of American Airlines Group Inc. (NASDAQ: AAL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.