Grabar Law Office Investigates Claims on Behalf of Shareholders of Southwest Airlines Co. (LUV)

Philadelphia, Pennsylvania--(Newsfile Corp. - December 10, 2024) - Grabar Law Office is investigating whether certain officers and directors of Southwest Airlines Co. (NYSE: LUV) breached their fiduciary duties after a securities fraud class action complaint survives a motion to dismiss.

If you have held Southwest Airlines shares since prior to February 4, 2020, you can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to you whatsoever. Visit https://grabarlaw.com/the-latest/southwest-airlines-shareholder-investigation/, email Joshua Grabar, Esq. at jgrabar@grabarlaw.com, or call 267-507-6085 to learn more or join.

An underlying federal securities fraud class action complaint alleges that throughout the Class Period (February 4, 2020 through March 14, 2023), Southwest Airlines, via certain of its officers and directors, made materially false and/or misleading statements and/or failed to disclose that: (1) 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; (2) Southwest Airlines 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 (3) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On December 4, 2024, the United States District Court for the Southern District of Texas denied the Southwest Airlines Defendants' motion to dismiss the securities fraud class action complaint.

Current Southwest Airlines shareholders who have continuously held Southwest Airlines shares since prior to February 4, 2020, can seek corporate reforms, the return of funds back to company coffers, and a court approved incentive award at no cost to them whatsoever.

If you would like to learn more about this matter at no cost to you, you are encouraged to visit https://grabarlaw.com/the-latest/southwest-airlines-shareholder-investigation/, contact Joshua H. Grabar at jgrabar@grabarlaw.com or Mia R. Heller at mheller@grabarlaw.com, or call 267-507-6085.

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