Mealey's Securities/D&O Liability - Section 10(b) Claims Trimmed In Stock Drop Suit Against Airline Company

LAS VEGAS - A federal judge in Nevada on Sept. 9 ruled that shareholders have sufficiently pleaded only a portion of their federal securities law violation claims stemming from an airline company and certain of its current and former senior executives' alleged misrepresentations made concerning safety and maintenance issues with the company's line of airplanes (Charles Brendon, et al. v. Allegiant Travel Co., et al., No. 18-1758, D. Nev., 2019 U.S. Dist. LEXIS 152835).
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