AIRLINES - Los Angeles Times
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AIRLINES

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Times Staff and Wire Reports

ValuJet, Top Execs Named in Shareholder Lawsuit: Three ValuJet Inc. shareholders charge the company with issuing false assurances that its planes were safe. The suit, which seeks class-action status, was filed in U.S. District Court in Atlanta against the Atlanta-based airline, Chairman Robert Priddy, President Lewis Jordan, Vice Chairman Maurice Gallagher and Chief Financial Officer Stephen Nevin. ValuJet, which said it hasn’t been served with the lawsuit, said it followed all disclosure guidelines required by federal securities laws. The airline said it will vigorously defend itself. ValuJet is already the subject of lawsuits from several families of the 110 passengers who were killed May 11 when a ValuJet plane crashed in the Florida Everglades.

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