2023-01-25 | New York Stock Exchange:LUV | Press release

New York, N.Y.–(Newsfile Corp. – Jan. 25, 2023) – Levi & Korsinsky, LLP notifies investors in Southwest Airlines Co. (“Southwest” or the “Company”) (NYSE: LUV) of a securities class action lawsuit.

The lawsuit on behalf of the Southwest investors was commenced in the United States District Court for the Southern District of Texas. Affected investors purchased or acquired certain securities of Southwest Airlines Co. between June 13, 2020 and December 31, 2022. Follow the link below for more information and to be contacted by a member of our team:

Southwest Airlines Loss Submission Form

or contact Joseph E. Levi, Esq. either by email at [email protected] or by phone at (212) 363-7500. There is no cost or obligation to you.

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Southwest Airlines Co. NEWS – LUV NEWS

CASE DETAILS: The filed lawsuit alleges that the defendants made false statements and/or concealed that: (1) Southwest continually downplayed or ignored serious problems with the technology it used to schedule flights and crews and how the Company would be more affected than other airlines in the future. case of bad weather; and (2) the Company did not discuss how its unique point-to-point service and aggressive flight schedule could leave it prone to bad weather; and (3) as a result, the defendants’ statements about Southwest’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT THIS MEANS FOR SHAREHOLDERS: If you suffered a loss at Southwest during the relevant time period, you have up to March 13, 2023 to request that the Court name you as lead plaintiff. Your ability to participate in any recovery does not require you to act as lead plaintiff.

NO COST TO YOU: If you are a Class Member, you may be entitled to compensation without payment of any cost or out-of-pocket fee. Discuss your rights with our legal team at no cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Please complete this short submission form https://www.zlk.com/pslra-1/southwest-airlines-loss-submission-form?prid=35952&wire=5 or call 212-363-7500 to discuss the case.

WHY LEVI AND KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a record of winning high-stakes cases. Our firm has extensive experience representing investors in complex securities litigation and a team of more than 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 report as one of the top securities litigation firms in the United States.


Levi & Korsinsky, LLP

Jose E. Levi, Esq.

Ed Korsinski, Esq.

55 Broadway, 10th floor

New York, NY 10006

[email protected]

Phone: (212) 363-7500

Fax: (212) 363-7171


To view the original version of this news release, visit https://www.newsfilecorp.com/release/152549