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Southwest Airlines Class Action Submission Form

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Southwest Airlines Co. (NYSE: LUV) who purchased shares between June 13, 2020 and December 31, 2022. The action, which was filed in the United States District Court for the Southern District of Texas, alleges that the Company violated federal securities laws.

In particular, the Southwest lawsuit alleges that (1) Southwest continuously downplayed or ignored the serious issues with the technology it used to schedule flights and crews and how the Company stood to be affected worse than other airlines in the event of inclement weather; and (2) the Company did not discuss how its unique point-to point service and aggressive flight schedule could leave it prone in the event of inclement weather; and (3) as a result, defendants’ statements about Southwest's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Shareholders have until March 13, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.

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There is no cost or obligation. This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.

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