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Teroganesian v. Southwest Airlines Co. et al
Case Number:
4:23-cv-00115
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 03, 2025
Southwest Gets Second Shot At Tossing Investors' Outages Suit
A Texas judge said Thursday he plans to rewrite his decision on Southwest Airlines' request to dismiss a shareholder class action over a disastrous 2022 holiday travel season because the Fifth Circuit may require a more thorough record of the extent of the airline's knowledge about the risks of its outdated technology.
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January 30, 2024
Southwest Investors Slam Exit Bid In Holiday Outage Suit
Southwest Airlines investors have pushed back on the company's bid to escape a consolidated class action alleging the airliner downplayed risks associated with its outdated scheduling technology that resulted in a disastrous 2022 holiday travel season, saying Southwest's reliance on another ongoing securities suit against the company as precedent is misplaced.
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July 17, 2023
Southwest Airlines Faces Joined Suits Over Holiday Delays
A Texas federal judge on Monday appointed Bernstein Liebhard LLP as lead counsel and combined two class actions from Southwest Airlines shareholders alleging the airliner downplayed the "serious risks" that came with its outdated technology and unique flight route structure that culminated in a disastrous 2022 holiday travel season and led to stock drops.
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January 12, 2023
Southwest Investors Say Airline Is Liable For System Outage
Southwest Airlines shareholders on Thursday accused the airline of downplaying and failing to deal with the "serious risks" that came with its outdated technology and unique flight route structure, hitting the airline with another proposed class action over its catastrophic systems collapse during the holiday travel season.