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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 1, 2020 to file lead plaintiff applications in a securities class action lawsuit against Mesa Air Group, Inc. (NasdaqGS: MESA), if they purchased the Company’s securities issued in connection with its August 2018 initial public stock offering (the “IPO”).
Mesa and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement and Prospectus, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company’s operational performance failed to meet industry standards; (ii) the Company lacked sufficient qualified mechanics and maintenance personnel; (iii) the Company lacked a sufficient number of spare aircraft and parts; (iv) the Company’s track record for reliable performance was not robust; (v) then-existing “risks” had already materialized; (vi) the Company knew of undisclosed adverse trends and uncertainties at the time of the IPO; and (vii) as a result of the foregoing, Mesa’s statements were materially false and misleading at all relevant times.
If you purchased securities of Mesa and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Lowthorp v. Mesa Air Group Incorporated, et al, 20-cv-648.
Click here to read the first filed complaint.