The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the District of Arizona on behalf of investors who purchased Mesa Air Group Incorporated (NASDAQ: MESA) securities pursuant and/or traceable to the documents issued in connection with Mesa Air Group’s August 2018 initial public offering.
According to the Mesa Air Group lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or 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 initial public offering; and (7) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
If you suffered a loss in Mesa Air Group you have until June 1, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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