Allegiant Travel Company (NASDAQ:ALGT) Investor Investigation Concerning Possible Wrongdoing Announced

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Company Name(s): 
Allegiant Travel
Affected Securities: 

September 13, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Allegiant Travel Company (NASDAQ:ALGT) was announced over potential breaches of fiduciary duties by certain officers and directors at Allegiant Travel Company.

The investigation by a law firm concerns whether certain Allegiant Travel Company officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Allegiant Air LLC reportedly recently drew the FAA's attention over safety concerns.

Allegiant Travel Company reported that its annual Total Revenue rose from over 1.13 billion in 2014 to over $1.26 billion in 2015 and that its Net Income increased from $86.69 million in 2014 to $220.37 million in 2015. Shares of Allegiant Travel Company (NASDAQ:ALGT) declined from as high as $232.87 per share in August 2015 to as low as $121.70 per share in August 2016.

On September 13, 2016, NASDAQ:ALGT shares closed at $138.66 per share.