LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a national investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that purchased Norwegian Cruise Line Holdings Ltd. ("Norwegian" or "the Company") (NYSE: NCLH) securities between February 20, 2020 and March 12, 2020, inclusive (the “Class Period”). Norwegian investors have until May 11, 2020 to file a lead plaintiff motion.
If you suffered a loss on your Norwegian investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information here or contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, via email email@example.com or visit our website at www.glancylaw.com to learn more about your rights.
On March 11, 2020, the Miami New Times published an article, titled “Leaked Emails: Norwegian Pressures Sales Team to Lie About Coronavirus.” According to the article, the leaked emails show Norwegian managers pressuring sales employees to lie to customers about the threat of the coronavirus (COVID-2019) to protect the Company against cancellations. One of the emails reportedly advises sales staff to tell customers, "Coronavirus can only survive in cold temperatures, so the Caribbean is a fantastic choice for your next cruise."
On this news, the Company’s share price fell $5.47 or over 26%, to close at $15.03 per share on March 11, 2020, thereby injuring investors.
The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) that they were 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) that 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.
If you purchased Norwegian securities during the Class Period, you may move the Court no later than May 11, 2020 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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