Global “investor rights” law firm Rosen has filed a class action lawsuit on behalf of purchasers of the securities of Norwegian Cruise Line Holdings Ltd between February 20th 2020 and March 12th 2020 inclusive.
The lawsuit seeks to recover damages for Norwegian investors under the federal securities laws.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- 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
- 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.