Class Action Lawsuit Filed Against Mesa Air Group, Inc. On Behalf of Individuals Who Purchased, Or Otherwise Acquired, Securities of Mesa Air Group Pursuant And/Or Traceable to The Registration Statement and Related Prospectus Issued In Connection With Mesa Air Group’s August 2018 Initial Public Offering – Mesa Air Group Investors Who Purchased, Or Otherwise Acquired, MESA Securities Pursuant to the IPO Encouraged to Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is making investors aware that a class action lawsuit was filed in United States District Court, District of Arizona, against Mesa Air Group, Inc. (“Mesa Air Group” or the “Company”) (NASDAQ: MESA) on behalf of persons who purchased, or otherwise acquired, Mesa Air Group’s securities pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Mesa Air Group’s August 2018 initial public offering (“IPO”) to recover compensable damages caused by the Mesa Air Group Defendants’ alleged violations of the Securities Act of 1933.
According to the complaint, the Mesa Air Group Defendants issued materially false and/or misleading statements, because they misrepresented and failed to disclose adverse facts pertaining to the Company’s business, operational and financial results, which were known to Defendants or recklessly disregarded by them. Specifically, the Mesa Air Group Defendants, allegedly, 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 IPO; and (7) as a result, the Mesa Air Group Defendants’ public statements were materially false and misleading at all relevant times.
Investors who purchased, or otherwise acquired, Mesa Air Group securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Mesa Air Group’s August 2018 IPO are encouraged to contact either Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], or John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected], to discuss the class action lawsuit or potential legal claims.