In early May 2012, the audit committee of
ALC's board of directors launched an investigation after receiving an internal whistleblower complaint concerning "possible irregularities in connection with" the lease, and on June 21, 2012,
ALC settled with the landlord, causing
ALC to incur a net loss of $19.
The complaint alleges that during the Class Period, defendants misrepresented and/or failed to disclose that
ALC was not in compliance with its obligations under a lease agreement with Ventas Realty, Limited Partnership ("Ventas") covering eight assisted living facilities operated by the Company.
Krongard, the
ALC Board accepted the retirements of John G.
The action is brought against
ALC and its former Chief Executive Officer for violations of the Securities Exchange Act of 1934.
About Air Lease Corporation -
ALC is an aircraft leasing company based in Los Angeles, California that has airline customers throughout the world.
If you purchased
ALC stock between March 12, 2011 and August 6, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Todd M.
Having their software and connectivity in the
ALC will extend the range of services available to the
ALC community and provide CQG s existing customers with low latency access to the market, said David Raper, ASX General Manager Trade Execution and Information Services.
On May 4, 2012,
ALC disclosed litigation with Ventas for the first time, reporting that Ventas had alleged breaches of their lease agreement.
Johnson & Weaver, LLP invites
ALC shareholders who are concerned about their legal rights and remedies to contact attorney Brett Weaver at (619) 230-0063 or brettw@johnsonandweaver.
The Securities and Exchange Commission is investigating the company for potential violations of the securities laws and has issued a subpoena requesting documents related to occupancy covenants at various
ALC facilities and the leasing of units for employee use.
The complaint charges
ALC and its former Chief Executive Officer with violations of the Securities Exchange Act of 1934.
Since inception,
ALC has purchased and delivered 75 new 737-800s and ordered a total of 130 737 MAX aircraft, the first of which delivered to LOT.
