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Investigation announced for Long-Term Investors in shares of Mesa Air Group, Inc. (NASDAQ: MESA)

07-15-2020 05:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Mesa Air Group, Inc. (NASDAQ: MESA) shares.

An investigation on behalf of current long term investors in Mesa Air Group, Inc. (NASDAQ: MESA) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Mesa Air Group, Inc..

Investors who are current long term investors in Mesa Air Group, Inc. (NASDAQ: MESA) 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 current long term investors in NASDAQ: MESA stocks follows a lawsuit filed against Mesa Air Group, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: MESA stocks, concerns whether certain Mesa Air Group, Inc. 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 District of Arizona the plaintiff alleges that the Registration Statement that was issued in connection with Mesa’s August 2018 IPO featured false and/or misleading statements and/or failed to disclose that Mesa Air Group’s operational performance was poor and below industry standards, that Mesa Air Group had a shortage of qualified mechanics and maintenance personnel, that Mesa Air Group had an inadequate number of spare aircraft and parts, that Mesa Air Group did not have a strong track record of reliable performance, that then-existing "risks" had already materialized, that Mesa Air Group knew of undisclosed adverse trends and uncertainties at the time of the IPO, and that as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Mesa Air Group, Inc. (NASDAQ: MESA) 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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