Energy News / Shareholders Foundation, Inc.

NYSE:LUV Shareholder Alert: Investigation over Possible Securities Laws Violations by Southwest Airlines Co.

Via: ReleaseWire

Updated 12:00 PM CDT, Wed, March 27,2019

An investigation for investors in Southwest Airlines Co. (NYSE: LUV) shares over potential securities laws violations by Southwest Airlines Co. was announced.

San Diego, CA -- (SBWIRE) -- 03/27/2019 -- An investigation on behalf of investors of Southwest Airlines Co. (NYSE: LUV) shares over potential securities laws violations by Southwest Airlines Co. in connection with certain financial statements was announced.

Investors who purchased shares of Southwest Airlines Co. (NYSE: LUV), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Southwest Airlines Co. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Dallas, TX based Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. Southwest Airlines Co. reported that its annual Total Revenue rose from $21.14 billion in 2017 to $21.96 billion in 2018 and that its Net Income declined from $3.35 billion in 2017 to $2.46 billion in 2018.

On November 12, 2018, the Wall Street Journal published an article titled "Boeing Withheld Information on 737 Model, According to Safety Experts and Others." According to the article, Boeing "withheld information about potential hazards associated with a new flight-control feature suspected of playing a role in last month's fatal Lion Air jet crash[.]"

On March 10, 2019, an Ethiopian Airlines-operated Boeing 737 Max 8 model airplane crashed in Addis Ababa, Ethiopia, shortly after take-off, killing all 157 people onboard. In the wake of the crash, regulators in China and several other countries grounded all Boeing 737 Max 8 jets.

Those who purchased shares of Southwest Airlines Co. (NYSE: LUV) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyseluv-shareholder-alert-investigation-over-possible-securities-laws-violations-by-southwest-airlines-co-1182529.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com