Trivago NV – ADR (NASDAQ:TRVG) Investor Investigation Over Potential Securities Laws Violations Announced

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March 15, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Trivago NV – ADR (NASDAQ:TRVG) shares over potential securities laws violations by Trivago NV and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Trivago NV – ADR (NASDAQ:TRVG) concerning whether a series of statements by Trivago NV regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Trivago NV is a company that operates an online hotel search platform that allows users to search for, compare and book hotels. It went public in late 2016. Shares of Trivago NV – ADR (NASDAQ:TRVG) reached as high as $14.20 per share on February 21, 2017.

On March 9, 2017, Trivago NV disclosed to investors a material weakness in internal controls, citing lack of sufficient accounting personnel with appropriate level of accounting experience and training. Trivago NV further announced that it plans to expand accounting policies and procedures to remediate weakness.