San Diego, CA — 11/08/2017 — An investigation was announced for investors of Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) shares over potential securities laws violations by Ryanair Holdings plc.
The investigation by a law firm focuses on whether a series of statements by Ryanair Holdings plc (ADR) (NASDAQ:RYAAY regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 15, 2017, Ryanair Holdings plc 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 September 27, 2017, Ryanair Holdings plc 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.
On October 6, 2017, post-market, Ryanair announced the resignation of its Chief Operating Officer Michael Hickey.
Those who purchased shares of Ryanair Holdings plc (ADR) (NASDAQ:RYAAY) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
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