DeKalb County Employees Retirement System has filed a class action lawsuit in the New York federal court that claims Volaris’ IPO registration statement “negligently contained financial statements that were presented in violation of applicable accounting standards and the company’s publicly disclosed accounting policies”. The filing accuses Volaris management of failing to disclose financial effects resulting from a change in reservation system and the effect of increased competition in key markets during its IPO roadshow. The filing states that Volaris omitted or misstated key information in filings ahead of its September 2013 listing of American depositary receipts. Volaris has issued a

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