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AMERICAN AIRLINES SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against American Airlines Group Inc. – AAL
AAGAAG(US:AAL) GlobeNewswire News Room·2024-07-25 02:23

Core Viewpoint - A securities class action lawsuit has been filed against American Airlines Group Inc. for failing to disclose material information during the class period from January 25, 2024, to May 28, 2024, leading to significant share price decline [1][2]. Summary by Sections Lawsuit Details - The lawsuit alleges that American Airlines and certain executives violated federal securities laws by not disclosing critical information [2]. - On May 28, 2024, the company announced the termination of its Executive Vice President and Chief Commercial Officer, Vasu S. Raja, and reduced its short-term guidance, cutting operating margin by one percentage point and adjusted earnings per share by over 17% due to weak consumer bookings and other factors [2]. Share Price Impact - Following the announcement on May 28, 2024, American Airlines' share price dropped by over 13.5%, from $13.44 to $11.62 per share the next day [3]. ClaimsFiler Information - ClaimsFiler is a service that assists retail investors in recovering funds from securities class action settlements, providing resources for filing claims and legal evaluations [3].