Southwest Airlines Co. Investors May Have Legal Claims – LUV
Date10 Jan 2023//
CategoriesBlog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Southwest Airlines Co. (“Southwest Airlines”) (NYSE: LUV) breached their fiduciary duties to Southwest Airlines and its shareholders.
The investigation concerns whether the board of directors or senior management of Southwest Airlines failed to manage Southwest Airlines in an acceptable manner, in breach of their fiduciary duties to Southwest Airlines, and whether Southwest Airlines and its shareholders have suffered damages as a result.
On December 26, 2022, the U.S. Transportation Department announced it was investigating the large number of cancellations of Southwest Airlines’ flights during the holiday travel season.