According to the Complaint, Norwegian Cruise Lines is a global cruise company which operates the Norwegian Cruise Line, Oceania Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands.

The Complaint alleges that 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.

On April 10 and May 12, 2020, the Court issued Orders consolidating cases. On June 12, the Court appointed Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated amended Complaint on July 31. Defendants filed a Motion to Dismiss the consolidated amended Complaint on September 14. On April 12, 2021, the Court issued an Order granting Defendants' Motion to Dismiss. The case was dismissed with prejudice.