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News published on Pennsylvania Record in September 2022

PENNSYLVANIA RECORD

Wednesday, November 27, 2024

News from September 2022


Spirit Airlines shareholder who alleged it didn't reveal Frontier Airlines merger details, dismisses case

By Nicholas Malfitano |
PHILADELPHIA – A Pennsylvania man and Spirit Airlines stockholder who launched litigation against the CEO and Board of Directors of the airline company, alleging that in its proposed merger with Frontier Airlines, the defendants failed to disclose proper information of the transaction and violated the Securities Exchange Act of 1934, has voluntarily dismissed his case.