BOSTON, MA / ACCESSWIRE / April 6, 2020 / Thornton Law Firm LLP announces that a lawsuit has been filed against Mesa Air Group, Inc. on behalf of MESA shareholders (NYSE:MESA). Investors who purchased stock during the IPO in August 2018, that are interested to serve as a lead plaintiff are encouraged to visit https://www.tenlaw.com/cases/MESA. Shareholders may also contact Thornton Law Firm at shareholder@tenlaw.com, or call 617-531-3917. There is no minimum number of shares required to be a class member.
FOR MORE INFORMATION, VISIT: https://www.tenlaw.com/cases/MESA
Interested MESA shareholders have until June 1, 2020 to apply to be a lead plaintiff. The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. There is no minimum number of shares required to be a class member.
Mesa Air Group, Inc. is a holding company specializing in commercial aviation headquartered in Phoenix, AZ.
The Complaint alleges that the Registration Statement failed to disclose that: (1) Mesa Air Group's operational performance was poor and below industry standards; (2) Mesa Air Group had a shortage of qualified mechanics and maintenance personnel; (3) Mesa Air Group had an inadequate number of spare aircraft and parts; (4) Mesa Air Group did not have a strong track record of reliable performance; (5) then-existing "risks" had already materialized; (6) Mesa Air Group knew of undisclosed adverse trends and uncertainties at the time of the IPO; and (7) as a result, defendants' public statements were misleading. The suit also alleges that when the true details entered the market, that investors suffered damages
If you have purchased MESA stock (NYSE:MESA) please contact the Thornton Law Firm's shareholder rights team at http://www.tenlaw.com/cases/MESA, by email at shareholder@tenlaw.com, or calling 617-531-3917 to discuss the lead plaintiff process.
FOR MORE INFORMATION: https://www.tenlaw.com/cases/MESA
Thornton Law Firm's securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
CONTACT:
Thornton Law Firm LLP
State Street Financial Center
1 Lincoln Street
Boston, MA 02111
www.tenlaw.com/cases/MESA
SOURCE: Thornton Law Firm LLP
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https://www.accesswire.com/584034/Mesa-Air-Investor-Alert-Class-Action-Lawsuit-Filed
