LOS ANGELES, CA / ACCESSWIRE / January 20, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Southwest Airlines Co. ("Southwest" or "the Company") (NYSE:LUV) 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 June 13, 2020 and December 31, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before March 13, 2023.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
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. Southwest consistently downplayed the threat to its operations posed by problems in the technology it used to schedule its flight operations. The Company avoided discussing the dangers to its operations posed by inclement weather based on its point-to-point service model and aggressive scheduling. 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 Southwest, 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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The Schall Law Firm
Brian Schall, Esq.,
SOURCE: The Schall Law Firm