Investor Class Action Filed Against Ryanair Holdings plc for Securities Fraud Violations
Company Name: Ryanair Holdings plc
Court: United States District Court for the Southern District of New York
Case Number: 18-cv-10330
Judge: The Hon. James Paul Oetken
Class period: Between May 30, 2017 and September 28, 2018
Security Type: American Depository Shares

Case Background:

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.  

The complaint alleged that during the class period, the 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 alleged that the defendants misrepresented and/or failed to disclose, among other things, that Ryanair’s labor relations had deteriorated in 2017 and 2018. As a result, the Company was experiencing increased employee turnover and was threatened with massive strikes and other disruptions across its operations, and its historical operating model and profit growth were not sustainable.

This is a securities class action on behalf of those who purchased or otherwise acquired Ryanair American Depository Shares between May 30, 2017 and September 28, 2018, inclusive.

Current Status of Case:

The lead plaintiffs filed an amended complaint on April 5, 2019. The defendants filed a motion to dismiss the amended complaint on June 14, 2019. On June 1, 2020, the Court issued an Order granting in part and denying in part the defendants' motion to dismiss. On November 13, 2020, the lead plaintiffs filed a motion for class certification.  This motion for class certification is currently being briefed by the parties.  This action is still ongoing.

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.

Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at

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 James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at, or you may click here to print a PDF of this form.

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# of Shares
Price per Share
Principal Amount
Amount Paid
Series or CUSIP
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Ryanair Holdings plc (2019) prior to the Class Period?
Are you a current or former employee of Ryanair Holdings plc (2019)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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