LOS ANGELES, CA / ACCESSWIRE / August 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against American Airlines Group Inc. (“American Airlines” or “the Company”) (NASDAQ:AAL) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between January 25, 2024 and May 28, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before September 16, 2024.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. American Airlines made repeated positive statements about its newly implemented sales and distribution strategy to reduce expenses while also increasing consumer demand. In fact, the Company’s new strategy was failing to drive increased revenue. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about American Airlines, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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