Lawsuit against Southwest Airlines lands in Houston Federal Court
March 13, 2023 - Southwest Airlines is facing a class-action lawsuit on behalf of individuals and entities that purchased or acquired its publicly traded securities between June 13, 2020 and December 31, 2022. The plaintiff is pursuing claims against the company under the Securities Exchange Act of 1934.
The lawsuit stems from various issues Southwest Airlines faced during the class period, including technical difficulties with the company’s weather information system, network connectivity issues, and a nationwide problem with cancellations and delays caused by weather and air traffic control issues. These events led to a decline in the company’s share price, injuring investors. Southwest Airlines is accused of violating the Securities Exchange Act of 1934 by making misleading stat...









