Allegiant Defends Move To Dump Stock-Drop Suit Over Safety

Law360 (February 22, 2019, 8:30 PM EST) -- Allegiant Air on Thursday denied renewed shareholders' accusations it knowingly risked lives in the name of a buck, admitting it had a few turbulent years but nothing the FAA deemed life-threatening, according to the latest filing in a shareholders' stock-drop case in Nevada federal court.

A CBS news investigation into Allegiant that the shareholders say "connected the dots" and uncovered secrets that allegedly drove the stock price down is much ado about nothing, attorneys for the carrier argued in their reply to the shareholder's opposition brief to Allegiant's motion to dismiss the case.

The broadcast report last year shed no new...

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Nevada

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Securities/Commodities

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Date Filed

September 11, 2018

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