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Dekalb County Employees Retirement System v. Controladora Vuela Compania De Aviacion S.A.B. de C.V. et al

  1. July 08, 2016

    Judge Tosses Investor Suit Over Mexican Airline IPO

    A New York federal judge has tossed a putative class action by investors alleging Mexican airline Volaris lied about its accounting practices ahead of a $2 billion September 2013 IPO, saying its deferring a small percentage of non-ticket revenues from one quarter to the next post-offering had little impact on investors.

  2. January 19, 2016

    Mexican Airline Hits Back At IPO Suit Over $4M Deferral

    Mexican airline Volaris again asked a New York federal judge to dismiss a putative class action accusing it of misleading investors by deferring $3.6 million in nonticket revenue, saying the move was irrelevant to allegedly false disclosure on pre-IPO offering documents.

  3. December 21, 2015

    Investors Slam Airline Volaris' Move To Toss IPO Suit

    Volaris investors urged a New York federal judge Friday not to toss their proposed class action accusing the Mexican airline of failing to disclose important financial information in the run-up to its initial public offering, saying the company wrongly downplayed the significance of its omissions.

  4. October 20, 2015

    Airline Says Revenue Deferral Not Grounds For IPO Suit

    Mexican budget airline Volaris and three of its initial public offering underwriters told a New York federal judge Monday that a suit by IPO investors should be tossed because the complaint fixates on a small revenue-reporting hiccup that didn't reveal anything materially wrong with the offering documents.

  5. October 07, 2015

    Underwriters Duck Out Of Mexican Airline IPO Class Action

    The underwriters for Mexican airline Volaris Aviation Holding Co.'s initial public offering ducked out of a putative securities class action accusing them of failing to disclose important financial information in the runup to the IPO, according to a New York federal court filing Tuesday.

  6. May 21, 2015

    Cohen Milstein To Rep Airline IPO Class Action

    A New York federal judge on Wednesday approved Cohen Milstein Sellers & Toll PLLC as lead counsel in a securities class action against Mexican airline Volaris Aviation Holding Co. over information that investors say was withheld from them before the company's initial public offering.

  7. April 28, 2015

    Three Vie For Lead Plaintiff In Airline IPO Class Action

    Three plaintiffs in a proposed proposed securities class action against Mexican airline Volaris Aviation Holding Co. and its underwriters alleging they failed to disclose important revenue information ahead of the company's September 2013 initial public offering are vying to serve as lead plaintiff, arguing they would be the best representative of the class.

  8. February 26, 2015

    Mexican Airline Withheld Info Ahead Of $2B IPO, Suit Says

    Volaris Aviation Holding Co. has been hit in New York federal court with a proposed securities class action alleging the Mexican airline failed to disclose important information related to revenues ahead of its September 2013 initial public offering, leading to an inflated per-share price.