BOSTON, MA / ACCESSWIRE / October 21, 2020 / Thornton Law Firm alerts investors that a shareholder class action lawsuit has been filed on behalf of shareholders of Royal Caribbean Cruises Ltd. (NYSE:RCL). Investors who purchased RCL securities between February 4, 2020 and March 17, 2020, that are interested in participating in the lawsuit as a lead plaintiff are encouraged to visit www.tenlaw.com/cases/RoyalCaribbean. Investors may also contact Thornton Law Firm at [email protected], or call 617-531-3917.
FOR MORE INFORMATION, VISIT: www.tenlaw.com/cases/RoyalCaribbean
The lawsuit alleges violations of the federal securities laws on behalf of investors who purchased Royal Caribbean securities during the class period. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the securities at issue in the case during the Class Period to seek appointment as a lead plaintiff in the lawsuit. A lead plaintiff acts on behalf of all other investor class members in managing the class action and can select a law firm of their choice to litigate the lawsuit. Serving as a lead plaintiff does not impact an investor's share in any potential recovery. If investors choose to take no action, they can remain an absent class member. Investors who wish to serve as a lead plaintiff and would like to learn more about the lead plaintiff process, are encouraged to contact the Thornton Law Firm's shareholder rights team at www.tenlaw.com/cases/RoyalCaribbean, by email at [email protected], or calling 617-531-3917. Interested Royal Caribbean shareholders have until December 7, 2020, to apply to be a lead plaintiff. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.
FOR MORE INFORMATION: www.tenlaw.com/cases/RoyalCaribbean
The shareholder lawsuit alleges that Royal Caribbean and its executives made false and misleading statements and failed to disclose that the Company was experiencing a decrease in customer bookings outside China and that it had inadequate policies and procedures to prevent the spread of COVID-19 on its ships. The Complaint states that the scope of the impact COVID-19 had on the Royal Caribbean's overall bookings and the inability of Royal Caribbean to prevent the virus' spread on its ships was revealed through a series of corrective disclosures, leading the price of Royal Caribbean stock to decline significantly, allegedly harming investors.
FOR MORE INFORMATION: www.tenlaw.com/cases/RoyalCaribbean
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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www.tenlaw.com/cases/RoyalCaribbean
SOURCE: Thornton Law Firm LLP