An investigation for investors in NASDAQ:ALGT was announced over potential breaches of fiduciary duties by certain Allegiant Travel Company directors.
Investors who purchased shares of Allegiant Travel Company (NASDAQ:ALGT) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Allegiant Travel Company directors breached their fiduciary duties and caused damage to the company and its shareholders.
Allegiant Air LLC reportedly drew the FAA’s attention over safety concerns.
Allegiant Travel Company reported that its annual Total Revenue rose from over 1.13 billion in 2014 to over $1.26 billion in 2015 and that its Net Income increased from $86.69 million in 2014 to $220.37 million in 2015. Shares of Allegiant Travel Company (NASDAQ:ALGT) declined from as high as $232.87 per share in August 2015 to as low as $121.70 per share in August 2016.
On September 16, 2016, NASDAQ:ALGT shares closed at $130.70 per share.
Those who purchased NASDAQ:ALGT shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com