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Royal Caribbean Cruises LTD

Case Summary

Royal Caribbean Cruises LTD Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 01/08/2021 (Date of last review)

Filing Date: October 07, 2020

According to the Complaint, Royal Caribbean Cruises LTD is currently the second largest cruise line company in the world behind Carnival.

The Complaint alleges that during the Class Period, Defendants failed to disclose material facts about the Company’s decrease in bookings outside China, instead maintaining that it was only experiencing a slowdown in bookings from China. The Complaint further alleges that Defendants failed to disclose material facts about the Company’s inadequate policies and procedures to prevent the spread of COVID-19 on its ships.

On December 23, 2020, the Court issued an Order appointing Lead Plaintiff and Counsel.

Company & Securities Information

Defendant: Royal Caribbean Cruises LTD

COMPANY INFORMATION:

Sector: Services
Industry: Recreational Activities
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: RCL
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

City of Riviera Beach General Employees Retirement System, et al. v. Royal Caribbean Cruises LTD, et al.

COURT: S.D. Florida
DOCKET #: 20-CV-24111
JUDGE: Hon. Kathleen M. Williams
DATE FILED: 10/07/2020
CLASS PERIOD START: 02/04/2020
CLASS PERIOD END: 03/17/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Labaton Sucharow LLP
  2. Saxena White PA (New Boca Raton)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violation of the Federal Securities Laws 10/07/2020
2 U.S. District Court Civil Docket 10/08/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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