NEW YORK, March 18, 2020 /PRNewswire/ -- Bernstein
Liebhard, a nationally acclaimed investor rights law firm,
announces that a securities class action has been filed on behalf
of investors that purchased or acquired the securities of Norwegian
Cruise Line Holdings Ltd. ("Norwegian" or the "Company") (NYSE:
NCLH) between February 20, 2020, and
March 12, 2020 (the "Class Period").
The lawsuit filed in the United
States District Court for the Southern District of
Florida alleges violations of the
Securities Exchange Act of 1934.
If you purchased Norwegian securities, and/or would like to
discuss your legal rights and options please visit Norwegian
Shareholder Class Action or contact Matthew E. Guarnero toll free at (877)
779-1414 or MGuarnero@bernlieb.com.
According to the lawsuit, defendants throughout the Class Period
made false and/or misleading statements and/or failed to disclose
that: (1) 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 (2) 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. When the true details
entered the market, the lawsuit claims that investors suffered
damages.
On March 11, 2020, the Miami New
Times revealed that managers at Norwegian were asking sales staff
to lie to customers about COVID-2019. The goal of these lies
was to protect the Company's bookings. For example, one email
directed the sales team to tell customers that the "Coronavirus can
only survive in cold temperatures, so the Caribbean is a fantastic choice for your next
cruise."
On this news, Norwegian's stock price fell $5.47 per share or approximately 26.7% to close
at $15.03 on March 11, 2020.
If you purchased Norwegian securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/norwegiancruiselineholdingsltd-nclh-shareholder-class-action-lawsuit-stock-fraud-265/apply/
contact Matthew E. Guarnero toll
free at (877) 779-1414 or MGuarnero@bernlieb.com.
If you wish to serve as lead plaintiff, you must move the Court
no later than May 11, 2020. A lead
plaintiff is a representative party acting on behalf of other class
members in directing the litigation. Your ability to share in any
recovery doesn't require that you serve as lead plaintiff. If you
choose to take no action, you may remain an absent class
member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National
Law Journal's "Plaintiffs' Hot List" thirteen times and
listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
https://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP