NEW YORK, Might 02, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of traders of Mesa Air Group, Inc. (“Mesa” or the “Company”) (NASDAQ: MESA). Such traders are suggested to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 7980.The investigation considerations whether or not Mesa and sure of its officers and/or administrators have engaged in securities fraud or different illegal enterprise practices. [Click here for information about joining the class action]On or round August 9, 2018, Mesa carried out its preliminary public providing (“IPO”), promoting roughly 9.63 million shares of widespread stock priced at $12.00. On Might 10, 2019, the Firm’s Chief Government Officer (“CEO”) Jonathan Ornstein disclosed that starting nicely prematurely of 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, CEO Ornstein disclosed that Mesa had discovered it “very difficult to meet the performance criteria” below its contract with American Airways Inc. and had finally failed to take action. Because the IPO, Mesa’s stock price has traded as little as $2.32 per share, representing a decline of greater than 80% from the Firm’s providing price.The Pomerantz Agency, with places of work in New York, Chicago, Los Angeles, and Paris is acknowledged as one of many premier corporations within the areas of company, securities, and antitrust class litigation. Based by the late Abraham L. Pomerantz, generally known as the dean of the category motion bar, the Pomerantz Agency pioneered the sphere of securities class actions. Immediately, greater than 80 years later, the Pomerantz Agency continues within the custom he established, combating for the rights of the victims of securities fraud, breaches of fiduciary obligation, and company misconduct. The Agency has recovered quite a few multimillion-dollar damages awards on behalf of sophistication members. See www.pomerantzlaw.com.CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 9980
