BOSTON, MA / ACCESSWIRE / June 5, 2020 / Thornton Law Firm LLP is investigating a securities class action lawsuit filed on behalf of shareholders of Carnival Corporation (NYSE:CCL). Investors who purchased CCL securities between January 28, 2020 and May 1, 2020, and are interested in serving as a lead plaintiff, are encouraged to visit https://www.tenlaw.com/cases/CCL. Investors may also contact Thornton Law Firm at [email protected], or call 617-531-3917. Investors outside the USA, including derivative investors, are particularly encouraged to contact Thornton Law Firm to discuss their potential recovery rights.
FOR MORE INFORMATION, VISIT: https://www.tenlaw.com/cases/CCL
The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. There is no minimum number of shares required to be a class member, and shareholders do not need to be lead plaintiff to recover as a class member. The lead plaintiff serves as a representative of all investors in the lawsuit. Interested CCL shareholders have until July 27, 2020 to apply to be a lead plaintiff.
The Complaint alleges that throughout the Class Period, Defendants failed to disclose material adverse facts about the Company's business, operations, and prospects.
It is alleged that Defendants concealed from investors that: (1) the Company's medics were reporting increasing events of COVID-19 illness on the Company's ships; (2) Carnival was violating port of call regulations by concealing the amount and severity of COVID-19 infections on board its ships; (3) in responding to the outbreak of COVID-19, Carnival failed to follow the Company's own health and safety protocols developed in the wake of other communicable disease outbreaks; (4) by continuing to operate, Carnival ships were responsible for continuing to spread COVID-19 at various ports throughout the world; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading or lacked a reasonable basis.
Investors who suffered a loss in Carnival Corporation that are interested to learn more about the lead plaintiff process are encouraged to contact the Thornton Law Firm's shareholder rights team at http://www.tenlaw.com/cases/CCL, by email at [email protected], or calling 617-531-3917.
FOR MORE INFORMATION: https://www.tenlaw.com/cases/CCL
Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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http://www.tenlaw.com/cases/CCL
SOURCE: Thornton Law Firm LLP