NEW YORK, April 19, 2018 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP is investigating potential securities fraud claims on behalf of shareholders of Allegiant Travel Company (“Allegiant” or the “Company”) (NASDAQ:ALGT). If you purchased Allegiant securities, and/or have information relating to this matter, please visit https://www.bernlieb.com/case-list/case-apply/?case_id=51 or contact Daniel Sadeh toll free at (877) 779-1414 or dsadeh@bernlieb.com.

On April 13, 2018, CBS News aired a preview of a 60 Minutes segment revealing that Allegiant’s own pilots had serious concerns about the safety of Allegiant’s airplanes. On this news, Allegiant’s stock fell $14.20 per share or over 8% to close at $151.05 per share on April 13, 2018.

Then, on April 15, 2018, 60 Minutes aired the full segment on Allegiant, which, in addition to expanding on the litany of safety issues plaguing the Company, further revealed that “Allegiant’s maintenance department tries to talk pilots out of reporting problems with their aircraft to avoid delays and keep the planes moving.” According to Allegiant’s pilots union President, Captain Daniel Wells, this is illegal because “captains are required to report any mechanical deficiencies of an aircraft.” On this news, Allegiant’s stock fell $4.65 per share or over 3% to close at $146.40 per share on April 16, 2018.

Whistleblowers: Persons with non-public information regarding Allegiant should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call one of our whistleblower lawyers toll free at (877) 779-1414 or email info@bernlieb.com.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

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Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com(877) 779-1414
dsadeh@bernlieb.com