Royal Caribbean Cruises LTD Securities Litigation (2020)

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Lawsuit Overview

Defendant:Royal Caribbean Group
Date Filed:October 7th, 2020
Sector:Consumer Services
Industry:Marine Transportation
Class Start Date:February 4th, 2020
Class End Date:March 17th, 2020

According to the Complaint, Royal Caribbean Cruises LTD is currently the second largest cruise line company in the world behind Carnival.

The Complaint alleges that during the Class Period, Defendants failed to disclose material facts about the Company's decrease in bookings outside China, instead maintaining that it was only experiencing a slowdown in bookings from China. The Complaint further alleges that Defendants failed to disclose material facts about the Company's inadequate policies and procedures to prevent the spread of COVID-19 on its ships.

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First Identified Complaint

City of Riviera Beach General Employees Retirement System, et al. v. Royal Caribbean Cruises LTD, et al.

Date Filed:October 7th, 2020
Class Period Start:February 4th, 2020
Class Period End:March 17th, 2020
First Identified Complaint Filings
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