| COMPANY |
American Airlines Group Inc. |
| COURT |
United States District Court for the Northern District of Texas |
| CASE NUMBER |
24-cv-00673 |
| JUDGE |
The Honorable Reed C. O'Connor |
| CLASS PERIOD |
July 20, 2023 through May 28, 2024 |
| SECURITY TYPE |
Securities |
Case Background:
This is a class action on behalf of all investors who purchased or otherwise acquired American Airlines Group, Inc. (“American”) securities between July 20, 2023 and May 28, 2024, inclusive (the “Class Period”).
During the class period, Defendants made overwhelmingly positive statements to investors regarding American'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 American, 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 19, 2025, Lead Plaintiffs filed a Second Amended Complaint. On March 21, 2025, Defendants filed a Motion to Dismiss the Second Amended Complaint. The Motion is awaiting the Court’s decision.
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 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.