| COMPANY |
Norwegian Cruise Line Holdings Ltd. |
| COURT |
United States District Court for the Southern District of Florida |
| CASE NUMBER |
20-cv-21107 |
| JUDGE |
The Honorable Robert Nichols Scola Jr. |
| CLASS PERIOD |
February 20, 2020 – March 10, 2020 |
| SECURITY TYPE |
All Securities |
Case Background:
On March 12, 2020, the initial complaint in this securities class action was filed against Norwegian Cruise Line Holdings Ltd. (“Norwegian” or the “Company”), and certain of Norwegian’s directors and officers, asserting violations of Sections 10(b) and 20(a) of the Securities Exchange Act. This is a federal securities class action on behalf of all purchasers and/or acquirers of Norwegian securities between February 20, 2020 and March 10, 2020, both dates inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants 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.
Current Status of Case:
On July 31, 2020, Lead Plaintiff filed a consolidated amended complaint (the “Amended Complaint”). Defendants filed a Motion to Dismiss the Amended Complaint on September 14, 2020. Defendants’ Motion to Dismiss was granted by the Court on April 12, 2021 and the case was closed. This action has concluded.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.