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Linenweber v. Southwest Airlines Co et al

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Case overview

Case Number:

3:20-cv-00408

Court:

Texas Northern

Nature of Suit:

Other Statutes: Securities/Commodities/Exchange

Multi Party Litigation:

Class Action

Judge:

Ed Kinkeade

Firms

Companies

Sectors & Industries:

  1. September 20, 2023

    Southwest Flies From Investors' Safety Lapse Suit, For Now

    A Texas federal judge on Tuesday tossed without prejudice an investor suit alleging that Southwest Airlines lied for years to conceal a record of safety lapses that led to a deadly 2018 engine explosion, saying that executives' alleged misleading statements amount to puffery and not actionable fraud.

  2. March 06, 2023

    Southwest Says 5th Circ. Ruling Can't Save Funds' Safety Suit

    Southwest Airlines has told a Texas federal judge that investors suing the airline can't rely on a recent Fifth Circuit ruling in a Six Flags fraud lawsuit to bolster their claims, arguing the claims made against the amusement park share nothing in common with the current suit.

  3. April 05, 2021

    Funds Say Match.com Ruling Won't Help Airline In Safety Suit

    Investors have told a Texas federal judge that another judge's recent findings in a securities fraud suit against online dating company Match Group Inc. cannot help Southwest Airlines escape allegations it schemed for years to conceal a record of safety lapses that led to a deadly 2018 engine explosion.

  4. November 12, 2020

    Funds Slam Southwest's 2nd Bid To Ground Safety Lapse Suit

    Investors asked a Texas federal judge Wednesday to reject Southwest Airlines' second bid to thwart class allegations that it schemed for years to conceal a record of safety lapses, which came to light after a deadly 2018 engine explosion.

  5. October 22, 2020

    Southwest Slams Investors' Safety Lapse 'Scheme' Claims

    Southwest Airlines asked a Texas federal judge Wednesday to reject a pair of pension funds' allegations that the airline concealed a record of safety lapses, which came to light after a deadly 2018 engine explosion, through a purported yearslong scheme in its common course of business.

  6. October 02, 2020

    Investors Rip Southwest's Bid To Ground Safety Lapse Suit

    A pair of pension funds told a Texas federal judge that Southwest Airlines can't use diversion tactics to dodge their proposed class action alleging it recklessly defrauded investors by concealing its record of safety lapses, which came to light after a deadly 2018 engine explosion.

  7. August 18, 2020

    Southwest, Execs Aim To Ground Investors' Safety Lapse Suit

    Southwest Airlines Co. urged a Texas federal judge Monday to dismiss a proposed securities class action alleging the airline misrepresented its safety record surrounding a deadly 2018 engine explosion, saying it disclosed risks and the stock drops that followed were minuscule.

  8. May 18, 2020

    Robbins Geller Leads Southwest Safety Lapse Securities Suit

    A Texas federal judge on Monday named Robbins Geller Rudman & Dowd LLP lead counsel in a proposed class action that alleges Southwest Airlines Co. misrepresented its safety record to investors in the wake of a deadly midair engine failure in 2018, leading to a stock price drop.

  9. April 21, 2020

    Robbins Geller, Pomerantz Vie For Lead In Southwest Suit

    Investors represented by Pomerantz and Robbins Geller jockeyed for lead status Monday in a proposed class action alleging Southwest Airlines made misrepresentations about its safety record that were laid bare after a deadly 2018 engine explosion, prompting a drop in Southwest's stock price.

  10. February 20, 2020

    Southwest Hit With Investor Suit Over FAA Noncompliance

    A Southwest Airlines Co. investor launched a proposed class action accusing the airline of inflating its stock price in the wake of a deadly mid-air engine failure in 2018 by falsely boasting about its in-house safety measures and compliance with Federal Aviation Administration regulations.