| COMPANY |
American Airlines Group Inc. |
| COURT |
United States District Court for the Northern District of Texas |
| CASE NUMBER |
24-cv-00673 |
| JUDGE |
The Hon. Reed C. O'Connor |
| CLASS PERIOD |
July 20, 2023 through May 28, 2024 |
| SECURITY TYPE |
Securities |
Case Background:
This is a class action on behalf of all investors who purchased or otherwise acquired American securities between July 20, 2023 and May 28, 2024, inclusive (the “Class Period”).
During the class period, defendants made overwhelmingly positive statements to investors regarding American's new sales and distribution strategy to reduce internal expenses while simultaneously driving a significant demand increase for the Company's airline services. The Complaint alleges that these statements misrepresented the true state of American, and that the Company was simultaneously concealing material adverse facts including, notably, that the Company's sales and distribution strategy was not driving the revenue projected.
Current Status of Case:
On November 22, 2024, the Court entered an Order granting Motion for Consolidation and Motion for Lead Plaintiffs. On January 21, 2025, Lead Plaintiffs filed an Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.