Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) Investor Securities Class Action Lawsuit 03/12/2020

If you purchased a significant amount of shares of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) between February 20, 2020 and March 12, 2020, and / or if you purchased any NYSE: NCLH shares prior to February 2020 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: May 11, 2020. NYSE: NCLH investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Norwegian Cruise Line Holdings
Case Name: 
Norwegian Cruise Line Holdings Shareholder Class Action Lawsuit 03/12/2020
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: NCLH
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
03/12/2020
Class Period Begin: 
02/20/2020
Class Period End: 
03/12/2020
Court of Filing: 
U.S. District Court for the Southern District of Florida
Deadline To File for Lead: 
05/11/2020
Summary: 

An investor in shares of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) filed a lawsuit in the U.S. District Court for the Southern District of Florida over alleged violations of Federal Securities Laws by Norwegian Cruise Line Holdings Ltd. in connection with certain allegedly false and misleading statements made between February 20, 2020 and March 12, 2020.

Miami, FL based Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in the North America, Europe, the Asia-Pacific, and internationally. Norwegian Cruise Line Holdings Ltd. reported that its annual Total Revenue rose from over $6.05 billion in 2018 to over $6.46 billion in 2019, and that its Net Income declined from $954.84 million in 2018 to $930.22 million in 2019.

On March 9, 2020, an article was published on Norwegian Cruise Line Holdings Ltd titled “Leaked Emails: Norwegian Pressures Sales Team to Lie About Coronavirus.” According to the artiicle , the leaked emails show Norwegian Cruise Line Holdings Ltd n 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.”

Since the COVID-2019 outbreak shares of Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) declined from $59.65 per share on January 13, 2020 to as low as $9.60 per share on March 12, 2020.

According to the complaint the plaintiff alleges on behalf of purchasers of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) common shares between February 20, 2020 and March 12, 2020, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between February 20, 2020 and March 12, 2020, the defendants 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 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.