According to the Complaint, Carnival Corporation bills itself as the world’s largest leisure travel company and the largest cruise company, carrying nearly 45 percent of global cruise guests. The Company has operations in North America, Australia, Europe and Asia, operating a portfolio of global, regional and national cruise brands that sell tailored cruise products, services and vacation experiences on 104 cruise ships to destinations around the world.

The Complaint alleges that Carnival and several officers of the Company made a series of false and misleading statements and concealed material information relating to the Company’s adherence to its health and safety protocols in the wake of the COVID-19 pandemic, Carnival’s role in facilitating the transmission of the virus, and the Company’s violations of port-of-call regulations. As a result of these false and misleading statements and omissions made throughout the Class Period, Carnival common stock and securities traded at inflated prices.

On July 6, 2020, the Court issued a paperless Order consolidating cases. All future docketing was ordered to be done in the lead case 20-CV-22202. On October 30, the Court issued an Order consolidating cases into the lead case and appointing Lead Plaintiff and Counsel.

Lead Plaintiff filed a consolidated Complaint on December 15, 2020. On December 17, Lead Plaintiff corrected the consolidated Complaint. Defendants filed a Motion to Dismiss the consolidated Complaint on January 18, 2021. On May 28, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. Plaintiffs were given leave to amend the Complaint.

Lead Plaintiff filed a second amended Complaint on July 2, 2021. On March 30, 2022, the Court issued an Order granting Defendants' Motion to Dismiss. The case was dismissed with prejudice and the Clerk of Court was directed to close the case.