Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Jan. 16, 2023 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Southwest Airlines Co. (“Southwest” or the “Company”) (NYSE: LUV) investors that a lawsuit filed on behalf of investors that purchased Southwest securities (NYSE: LUV)between between June 13, 2020 and December 31, 2022, both dates inclusive (the “Class Period”).
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The Complaint alleges that Southwest Airlines made false and/or misleading statements and/or failed to reveal the technological issues that could lead to greater flight cancellations during bad weather. During the winter of 2022, a large number of flights were canceled due to storms, which was widely reported in the news and caused a significant drop in the company’s stock price. Additionally, the company’s failure to modernize its scheduling systems, which was an open secret within the company, was also reported, further damaging the stock price.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar