Glancy
Binkow & Goldberg LLP reminds investors of Volaris
Aviation Holding Company (“Volaris” or the “Company”) (NYSE: VLRS)
who purchased the Company’s American Depositary Shares pursuant and/or
traceable to the Company’s initial public offering (“IPO”), on or about
September 18, 2013, have until April 27, 2015 to file a motion to be
appointed as lead plaintiff in the shareholder lawsuit filed in the
United States District Court for the Southern District of New York.
Please contact Lesley Portnoy or Casey Sadler at 888-773-9224 or
310-201-9150, or at shareholders@glancylaw.com
to discuss this matter. If you inquire by email, please include your
mailing address, telephone number, and number of shares purchased.
Volaris is a Mexico City-based provider of air transportation services
for passengers, cargo, and mail in Mexico and internationally. The
Complaint alleges that the Company’s Registration Statement filed in
connection with its IPO failed to disclose certain material events,
including financial effects resulting from a change in the Company’s
airline reservation system and an expansion of competition in the
Tijuana and Guadalajara, Mexico markets, which was having an adverse
effect on the Company’s revenues and profit margins at the time of the
IPO. As a result, the financial information reported in the Registration
Statement was not indicative of Volaris’s future operating results.
Investors who purchased Volaris shares suffered damages after the
Company’s shares sharply declined in value shortly after the IPO.
If you are a member of the Class described above, you may move the Court
no later than April 27, 2015, to serve as lead plaintiff, if you meet
certain legal requirements. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy or Casey Sadler of Glancy Binkow
& Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email, please include your mailing address, telephone
number and number of shares purchased.
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jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2015