Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired American Airlines Group, Inc. (“AAL”) (NASDAQ: AAL) securities between July 20, 2023 and May 28, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made overwhelmingly positive statements to investors regarding AAL'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 AAL, 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 March 21, 2025, Defendants filed a Motion to Dismiss the Amended Complaint. The Motion is pending decision before the Court. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; 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.