January 15, 2020
A Nevada federal judge on Tuesday tentatively signed off on a $4 million settlement in a securities class action alleging low-cost airline Allegiant hid its poor safety record and lied to investors about maintenance lapses and dangerous flight incidents, saying it's a fair deal.
September 09, 2019
Allegiant Air must face a trimmed securities class action alleging the low-cost airline hid its poor safety record and lied to investors about maintenance lapses and dangerous incidents, a Nevada federal judge ruled Monday, finding that at least some of the company's disclosures might've misled investors.
February 22, 2019
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.