RADNOR, Pa. & NEW YORK--(BUSINESS WIRE)--The law firms of Kessler Topaz Meltzer & Check, LLP and Bernstein Litowitz Berger & Grossmann LLP announce that the firms have been appointed as Co-Lead Counsel in the consolidated securities fraud class action lawsuit pending against Carnival Corporation and Carnival plc (collectively, “Carnival”). This action, captioned In Re Carnival Corp. Securities Litigation, Case No. 1:20-cv-22202-KMM, is pending in the United States District Court for the Southern District of Florida and alleges violations of federal securities laws on behalf of Carnival investors who purchased or acquired Carnival’s securities between September 26, 2019, and May 1, 2020, both dates inclusive (the “Class Period”). Pursuant to the Court’s order, Co-Lead Counsel, on behalf of the Court-appointed Lead Plaintiffs represented by the firms, will file a consolidated complaint on or before December 15, 2020.
Investors who have losses from their transactions in Carnival securities, including common stock, American Depository Shares, and stock options, during the Class Period may receive additional information about this litigation by clicking https://www.ktmc.com/new-cases/carnival-corporation-ccl-and-carnival-plc-cuk?utm_source=PR&utm_medium=Link&utm_campaign=Carnival or contacting Kessler Topaz Meltzer & Check, LLP (James Maro, Jr., Esq. or Adrienne Bell, Esq.) at (844) 887-9500 or (610) 667-7706, or via e-mail at email@example.com, or by clicking https://www.blbglaw.com/cases/in-re-carnival-corp-securities-litigation or contacting Bernstein Litowitz Berger & Grossmann LLP (Jim Harrod) at (212) 554-1502 or via email at firstname.lastname@example.org.
As alleged in the complaint, throughout the Class Period, the Defendants made materially false, and/or misleading statements, and failed to disclose material adverse facts about Carnival’s manifest inability to address the spread of infectious disease on its ships (including COVID-19) and the susceptibility of its ships to the transmission of such diseases among its crew and passengers. As a result of the foregoing, Defendants’ statements about Carnival’s commitment to the health and safety of its passengers and crew members as well as its assurances to safeguard passengers and crew and were false and/or misleading and/or lacked a reasonable basis.
As a result of the revelation of the truth about Carnival’s inability and unwillingness to contain the spread of infectious diseases on its ships, Carnival investors who purchased Carnival securities on U.S. exchanges during the Class Period lost billions of dollars when Carnival’s shares declined following Carnival’s corrective revelations.
Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, please visit www.ktmc.com.
Bernstein Litowitz Berger & Grossmann is widely recognized as one of the leading law firms worldwide advising institutional investors on issues related to corporate governance, shareholder rights, and securities litigation. Since its founding in 1983, Bernstein Litowitz Berger & Grossmann has built an international reputation for excellence and integrity and pioneered the use of the litigation process to achieve precedent-setting governance reforms. Unique among its peers, Bernstein Litowitz Berger & Grossmann has obtained several of the largest and most significant securities recoveries in history, recovering over $33 billion on behalf of defrauded investors. More information about the firm can be found online at www.blbglaw.com.