NCLH INVESTOR FILING DEADLINE: Bernstein Liebhard Announces the Filing of a Securities Class Action Lawsuit Against Norwegian...
March 13 2020 - 6:46PM
Business Wire
Bernstein Liebhard, a nationally acclaimed investor rights law
firm, announces that a securities class action has been filed on
behalf of investors that purchased or acquired the securities of
Norwegian Cruise Line Holdings Ltd. ("Norwegian" or the "Company")
(NASDAQ:NCLH) between February 20, 2020, and March 12, 2020 (the
“Class Period”). The lawsuit filed in the United States District
Court for the Southern District of Florida alleges violations of
the Securities Exchange Act of 1934.
If you purchased Norwegian securities, and/or would like to
discuss your legal rights and options please visit Norwegian
Shareholder Class Action or contact Matthew E. Guarnero toll free
at (877) 779-1414 or MGuarnero@bernlieb.com.
According to the lawsuit, defendants throughout the Class Period
made false and/or misleading statements and/or failed to disclose
that: (1) Norwegian was employing sales tactics of providing
customers with unproven and/or blatantly false statements about
COVID-19 to entice customers to purchase cruises, thus endangering
the lives of both their customers and crew members; and (2) as a
result, defendants' statements regarding Norwegian's business and
operations were materially false and misleading and/or lacked a
reasonable basis at all relevant times. When the true details
entered the market, the lawsuit claims that investors suffered
damages.
On March 11, 2020, the Miami New Times revealed that managers at
Norwegian were asking sales staff to lie to customers about
COVID-2019. The goal of these lies was to protect the Company's
bookings. For example, one email directed the sales team to tell
customers that the "Coronavirus can only survive in cold
temperatures, so the Caribbean is a fantastic choice for your next
cruise."
On this news, Norwegian's stock price fell precipitously on
March 11, 2020.
If you purchased Norwegian securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/norwegiancruiselineholdingsltd-nclh-shareholder-class-action-lawsuit-stock-fraud-265/apply/
contact Matthew E. Guarnero toll free at (877) 779-1414 or
MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5
billion for its clients. In addition to representing individual
investors, the Firm has been retained by some of the largest public
and private pension funds in the country to monitor their assets
and pursue litigation on their behalf. As a result of its success
litigating hundreds of lawsuits and class actions, the Firm has
been named to The National Law Journal’s “Plaintiffs’ Hot List”
thirteen times and listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414. The
lawyer responsible for this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
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version on businesswire.com: https://www.businesswire.com/news/home/20200313005551/en/
Matthew E. Guarnero Bernstein Liebhard LLP
https://www.bernlieb.com (877) 779-1414 MGuarnero@bernlieb.com
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