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Investigation for Long-Term Investors in shares of Southwest Airlines Co. (NYSE: LUV) announced

05-08-2020 02:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Southwest Airlines Co. (NYSE: LUV) shares.

An investigation on behalf of current long term investors in Southwest Airlines Co. (NYSE: LUV) shares.

An investigation was announced for investors in shares of Southwest Airlines Co. (NYSE: LUV) concerning potential breaches of fiduciary duties by certain directors of Southwest Airlines Co..

Investors who are current long term investors in Southwest Airlines Co. (NYSE: LUV) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NYSE: LUV stocks follows a lawsuit filed against Southwest Airlines Co. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: LUV stocks, concerns whether certain Southwest Airlines Co. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Northern District of Texas the plaintiff alleges thatthe defendants made false and/or misleading statements and/or failed to disclose that Southwest's operations were non-compliant with government maintenance and safety regulations, that the foregoing issues were exacerbated by Southwest's undue influence over FAA officials and, consequently, lax regulatory oversight of the Company's operations, that all of the foregoing significantly increased the safety risks to passengers traveling on Southwest flights and heightened governmental scrutiny into the Company, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Southwest Airlines Co. (NYSE: LUV) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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