Stull Stull & Brody and TheGrantLawFirm File Action Against Carnival on Behalf of Options Traders
To: All Persons or entities who purchased call options or sold
put options for the securities of Carnival Corporation (NYSE: CCL),
between January 28, 2020 and May 1, 2020, inclusive (the “Class”,
the “Class Period”).
Stull Stull & Brody (“SSB”) and TheGrantLawFirm, PLLC
(“Grant Firm”) commenced a securities class action captioned
Abraham Atachbarian v. Carnival Corporation, et al., Case No.
20-23011, in the United States District Court for the Southern
District of Florida (the “Action”). A copy of the complaint is
available upon request.
The Action alleges that Carnival, Carnival PLC, and certain
individual defendants made a series of false and misleading
statements and concealed material information relating to the
Company’s adherence to its health and safety protocols in the wake
of the COVID-19 pandemic and its preparedness for it, in order to
“keep the party going” on its various cruises, and underplayed the
severity of the outbreak. As a result of these false and misleading
statements and omissions made throughout the Class Period, options
for Carnival’s stock, including puts and calls, traded at inflated
Specifically, the Complaint alleges that during the Class
Period, Carnival made statements that the risk of COVID-19 to its
customers and crew was very low, that is was committed to the
safety of its guests and crew, and that it had implemented enhanced
policies and procedures to demonstrate that commitment. In the
meantime, Carnival was concealing the fact that its policies and
practices with respect to COVID-19 were woefully inadequate, that
it was continuing to pick up passengers and crew members and
putting them at risk as both passengers and crews on its ships were
testing positive for the virus, and it was allowing ill passengers
to disembark at various ports of call even though passengers had
shown signs of illness while on the ship. It further made
misrepresentations to authorities at these ports of call.
Defendants’ positive statements about the Company’s business,
operations, and prospects, were materially misleading and/or lacked
a reasonable basis.
If you suffered a loss arising from your purchase or sale of
Carnival options during the Class Period, you have until September
21, 2020, to file a motion with the Court seeking appointment of
lead of a class of options purchasers or sellers. Your ability to
share in any recovery does not require that you serve as a lead
If you have questions about this matter, please contact either
Howard Longman at Stull Stull & Brody, at 973- 994- 2315, or
email at firstname.lastname@example.org or Lynda J. Grant at 212-292-4441, or
email at email@example.com.
SSB has litigated class actions for the past 40 years and has
recovered tens of millions of dollars on behalf of defrauded
shareholders and consumers. Lynda J. Grant has been a New York
Metro Super-Lawyer every year since 2014, and has been representing
shareholders and consumers for almost 40 years. Prior results do
not guarantee similar outcomes.
version on businesswire.com: https://www.businesswire.com/news/home/20200723005826/en/
Stull Stull & Brody Howard Longman 973- 994- 2315
firstname.lastname@example.org Lynda J. Grant 212-292-4441
Historical Stock Chart
From Aug 2020 to Sep 2020
Historical Stock Chart
From Sep 2019 to Sep 2020