NYSE: LUV

Southwest Airlines Co.

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of shareholders of Southwest Airlines Co. (NYSE: LUV) resulting from allegations that Southwest Airlines may have issued materially misleading business information to the investing public. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 13, 2023.

If you purchased Southwest Airlines securities and would like to join the prospective action, please click “Join This Class Action.”

Class Period:June 13, 2020 through December 31, 2022

If you purchased Southwest Airlines securities during Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that:

Southwest Airlines continuously downplayed or ignored the serious issues with the technology it used to schedule flights and crews, and how it stood to be affected worse than other airlines in the event of inclement weather;
it did not discuss how it’s unique point-to-point service and aggressive flight schedule could leave it prone in the event of inclement weather; and
as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

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.

Attorney Advertising. Prior results do not guarantee a similar outcome.