SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ryanair Holdings plc
NEW YORK, Oct. 19, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ryanair Holdings plc. ("Ryanair" or the "Company") (Nasdaq: RYAAY). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ryaay.
On September 15, 2017, Ryanair announced that it would cancel over 2,000 flights due to delays and strikes prompted by staffing issues with the Company's pilots and cabin crew. On this news, the Company's American Depositary Receipt ("ADR") price fell $1.15, or 1.06%, to close at $107.00 on September 18, 2017.
On September 27, 2017, Ryanair announced that it would cancel 18,000 further flights, affecting about 400,000 passengers, again citing staffing issues. On the following day, the U.K.'s Civil Aviation Authority initiated an enforcement action against the Company for "persistently misleading passengers" about their rights. Following these revelations, the Company's ADR price fell $6.03, or 5.60%, to close at $101.59 on September 28, 2017.
On October 6, 2017, post-market, Ryanair announced the resignation of its Chief Operating Officer Michael Hickey. On this news, the Company's ADR price fell $1.12, or 1.06%, to close at $104.61 on October 9, 2017.
If you are aware of any facts relating to this investigation, or purchased Ryanair shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/ryaay. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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