BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Trivago N.V. (“Trivago” or the “Company”) (NASDAQ: TRVG) investors concerning the Company and its officers’ possible violations of federal securities laws.
On December 16, 2016, the Company completed its initial public offering ("IPO"), issuing 26,110,118 American Depositary Receipts ("ADRs") at $11.00 per ADR. Then, on October 27, 2017, the United Kingdom's Competition and Markets Authority ("CMA") announced that it was investigating the manner in which Trivago displays information to customers. Specifically, the CMA cited concerns about the clarity, accuracy and presentation of information on sites, which could mislead customers. The CMA said it would examine how hotels were ranked, whether results were influenced by how much commission a hotel pays over the customer’s requirements, the use of “pressure selling,” and hidden charges.
On this news, Trivago's shares dropped $0.36 per share, or 4.54%, to close at $7.57 on October 27, 2017, thereby damaging investors.
If you purchased Trivago securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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