Please complete this form relating to your transactions for Ryanair Holdings plc (Nasdaq: RYAAY) American Depositary Shares (“ADSs”) between May 30, 2017 and September 28, 2018, inclusive (the “Class Period”).
You may also contact Jon Naji, Esq. at (484) 270-1453; or you may submit your information via email at email@example.com, or you may click here to print a PDF of this form.
On November 06, 2018, the initial complaint in this securities class action was filed against Ryanair Holdings plc (“Ryanair” or the “Company”), and certain of Ryanair’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action on behalf of all purchasers of Ryanair American Depository Shares between May 30, 2017 and September 28, 2018, both dates inclusive (the “Class Period”).
The complaint alleges that during the Class Period, Defendants made false and misleading statements and/or failed to disclose adverse information regarding Ryanair’s business and operations as a result of its aggressive anti-employee practices and opposition to employee collectivization efforts. Specifically, the complaint alleges that Defendants misrepresented and/or failed to disclose, among other things, that: (1) Ryanair’s labor relations had deteriorated in 2017 and 2018; (2) as a result, the Company was experiencing increased employee turnover and was threatened with massive strikes and other disruptions across its operations; and (3) its historical operating model and profit growth were not sustainable.
Current Status of Case:
On April 5, 2019, Plaintiffs filed an amended complaint (the “Complaint”). Defendants filed a Motion to Dismiss the Complaint on June 14, 2019. On June 1, 2020, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss the Complaint. On March 31, 2021, Plaintiffs filed a Motion for Leave to file a second amended complaint (the “Amended Complaint”). On March 31, 2022, the Court issued an Order denying Plaintiffs’ Motion for Leave to file the Amended Complaint. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at firstname.lastname@example.org. 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.