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Case Status:    ONGOING    
On or around 10/21/2020 (Date of last review)

Filing Date: February 19, 2020

According to the Complaint, Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the U.S. and near-international markets. Southwest is regulated by, among other government entities, the FAA, which is a sub-agency of the DOT that regulates civil aviation in the U.S. and its surrounding international waters.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) Southwest’s operations were non-compliant with government maintenance and safety regulations; (ii) the foregoing issues were exacerbated by Southwest’s undue influence over FAA officials and, consequently, lax regulatory oversight of the Company’s operations; (iii) all of the foregoing significantly increased the safety risks to passengers traveling on Southwest flights and heightened governmental scrutiny into the Company; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On May 18, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on July 2.

COMPANY INFORMATION:

Sector: Transportation
Industry: Airline
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: LUV
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Texas
DOCKET #: 20-CV-00408
JUDGE: Hon. Ed Kinkeade
DATE FILED: 02/19/2020
CLASS PERIOD START: 02/07/2017
CLASS PERIOD END: 06/25/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
  2. The Briscoe Law Firm, PLLC (Dallas)
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 20-CV-00408
JUDGE: Hon. Ed Kinkeade
DATE FILED: 07/02/2020
CLASS PERIOD START: 02/07/2017
CLASS PERIOD END: 01/29/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Balon B. Bradley Law Firm
  2. Kendall Law Group, PLLC
  3. Robbins Geller Rudman & Dowd LLP (San Diego)
No Document Title Filing Date
—Related District Court Filings Data is not available