According to the lawsuit, throughout 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 American’s airline services. The complaint alleges that these statements misrepresented the true state of American, and that American was simultaneously concealing material adverse facts including, notably, that American’s sales and distribution strategy was not driving the revenue projected.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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