Allegiant Shareholder Alert: Bernstein Liebhard LLP Announces That A Class Action Lawsuit Has Been Filed Against Allegiant Travel Company - ALGT

NEW YORK, April 25, 2018

To join the Allegiant class action, and/or if you have information relating to this matter, please visit our ALLEGIANT SHAREHOLDER PAGE or contact Daniel Sadeh toll free at (877) 779-1414 or dsadeh@bernlieb.com.

According to the lawsuit, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Allegiant lacked adequate systems to ensure its aircraft were being properly maintained; (2) consequently, Allegiant was not operating responsibly and ethically, and providing safe working conditions for its employees; and (3) as a result, defendants' public statements were materially false and misleading at all relevant times.

On April 13, 2018, CBS News aired a preview of a 60 Minutes segment revealing that Allegiant's own pilots had serious concerns about the safety of Allegiant's airplanes. On this news, Allegiant's stock fell $14.20 per share or over 8% to close at $151.05 per share on April 13, 2018.

Then, on April 15, 2018, 60 Minutes aired the full segment on Allegiant, which, in addition to expanding on the litany of safety issues plaguing the Company, further revealed that "Allegiant's maintenance department tries to talk pilots out of reporting problems with their aircraft to avoid delays and keep the planes moving." According to Allegiant's pilots union President, Captain Daniel Wells, this is illegal because "captains are required to report any mechanical deficiencies of an aircraft." On this news, Allegiant's stock fell $4.65 per share or over 3% to close at $146.40 per share on April 16, 2018.

If you wish to serve as lead plaintiff, you must move the Court no later than June 25, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.