Law firms line up to investigate Southwest Airlines for shareholders

Rosen Law Firm, a global investor rights law firm, announced this week that it is investigating potential breaches of fiduciary duties by Southwest Airlines' directors and officers regarding its information technology infrastructure, which impacts the company's business, operations, and stock price. The law firm invites investors to contact them through their website.

“If you purchased Southwest Airlines Co. securities and would like to receive information about our investigation concerning the class action to recover your losses in Southwest Airlines Co. securities, please provide us the information in the form below.”

The firm made its announcement following a series of shakeups within the airline recently:

• Longtime leaders at Southwest Airlines are out
• Southwest Airlines sells and leasebacks 36 aircraft to raise cash

In December, Los Angeles-based Schall Law Firm, a national shareholder rights litigation firm, said that it is investigating claims on behalf of investors of Southwest Airlines for violations of the securities laws.

The investigation focuses on whether the company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.