LOS ANGELES–(BUSINESS WIRE)–$MESA #fraud—Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today continues its investigation on behalf of Mesa Air Group, Inc. (“Mesa” or the Company”) (NASDAQ: MESA) investors concerning the Company and its officers’ possible violations of the federal securities laws.
If you suffered a loss on your Mesa investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information here or contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, via email firstname.lastname@example.org or visit our website at www.glancylaw.com to learn more about your rights.
On August 9, 2018, Mesa conducted its initial public offering (“IPO”) in which it sold approximately 11 million shares of common stock for $12.00 per share.
On May 10, 2019, Mesa’s Chief Executive Officer (“CEO”) revealed that over the last 18 months, well before the IPO, Mesa had been “hamstrung by the fact that we had expanded a lot… maintenance became more difficult in terms of qualified maintenance people.”
Then on August 9, 2019, Mesa’s CEO stated that Mesa “did not meet the performance criteria” under its contract with American Airlines, Inc.
The Company’s shares have consistently traded below the IPO price, closing as low as $2.70 per share on March 19, 2020.
Whistleblower Notice: Persons with non-public information regarding Mesa should consider their options to aid 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 Charles H. Linehan at 310-201-9150 or 888-773-9224 or email email@example.com.
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