Johnson Fistel LLP Continues to Investigate the Directors and Officers of American Airlines Group Inc. for Breach of Fiduciary Duties
Johnson Fistel, LLP announces it is investigating whether certain directors and officers of American Airlines Group Inc. breached their fiduciary duties to the Company and its shareholders.
What can I do? If you are a current long-term American Airlines Group Inc. shareholder, you may have legal claims that may be brought on behalf of the company, against the Company’s directors and officers. If you wish to discuss this notice or your legal rights, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
If you have continuously owned American Airlines Group Inc shares, you can click or copy and paste the link below in a browser to join:
What is this about? Recently a class action was filed against the company alleging that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company’s reports of growth relied far too heavily on inflated demand assumptions allegedly stemming from the implemented changes to their sale and distribution strategy which had downsized the Company’s sales and distribution channels to redirect consumers solely to their online platform; and (2) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.