Class Action Claims American Airlines Implemented 'Unsustainable' Sales Plan Causing Stock to Tank
This complaint was first surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in state and federal courts.
August 30, 2024 at 11:59 AM
4 minute read
Civil ProcedureAmerican Airlines Group and six executives were hit with a securities class action in a Texas federal court this week, accusing the airliner of falsely marketing new sales strategies as profitable and concealing the fact that those strategies were unsustainable.
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