Shareholders File Lawsuit on RCL

[HaveWeMetYet]

Class Period : February 4, 2020 - March 17, 2020

Lead Plaintiff Deadline : December 7, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Royal Caribbean misled investors to believe that any issue related to COVID-19 was relatively insignificant; (2) the Company falsely assured investors that bookings outside China were strong with no signs of a slowdown; (3) the Company was experiencing material declines in bookings globally due to customer concerns over COVID-19; and (5) the Company's ships were following grossly inadequate protocols that would foster the spread of COVID-19 and pose a substantial risk to passengers and crews.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

[ONECRUISER]

Sure, good luck with that

[NateUpNorth]

Is there a #4 from that list? 

 

Although I would be curious to see what kind of data would be made public regarding #2 & #3........

[lovelife]

Wouldn't shareholders be made aware of this?  I've received nothing.

[FloridaGator]

Way too many lawyers.

[crewsweeper]

During those dates, everyone, WHO, CDC, China, Dems, Repubs, Drs. Fauci and Brix, et.al.  didn't think it was as serious as it became.   Guarantee that Jabkubitz Law stand to rake in a bundle as do a few arbs on Wall Street with borrowed shares.  The cruise community, maybe 1/2 to cost of a soda on the ship.

Edited October 26, 2020 by crewsweeper

[yogimax]

20 minutes ago, lovelife said:

Wouldn't shareholders be made aware of this?  I've received nothing.

If a settlement is reached, you would definitely be notified

[Merion_Mom]

Bottom-dwelling, scum-sucking ambulance-chasing lawyers LOOKING for people who want to sue.

[neverbeenhere]

35 minutes ago, lovelife said:

Wouldn't shareholders be made aware of this?  I've received nothing.

did you purchase shares during the period listed? Have you subsequently sold those shares at a loss? 

[lovelife]

7 minutes ago, yogimax said:

If a settlement is reached, you would definitely be notified

 

In class action suits involving other stock I own, I am notified and required to choose to join the lawsuit (or not).

[neverbeenhere]

That would be because you were part of the defined class.
In this case, the class is related to purchases made during a specific time period where the buyers supposedly relied on statements made by Royal that business was grrrreat! 

[sfaaa]

Ambulance chasing business must be slow these days.

[lovelife]

4 minutes ago, neverbeenhere said:

did you purchase shares during the period listed? Have you subsequently sold those shares at a loss? 

 

Ah, didn't read anything in those few lines posted regarding the crux of the issue.  Wouldn't involve me then.  Thanks.

[bouhunter]

52 minutes ago, Merion_Mom said:

Bottom-dwelling, scum-sucking ambulance-chasing lawyers LOOKING for people who want to sue.

I was going to say bloodsuckers 🙂

 

[deliver42]

It had to happen. This is America. I doubt this law suit will get anywhere. The stock market is a gamble at best. You win some, and lose some. If you can't afford paper losses, stay out of the market

[yogimax]

1 hour ago, Merion_Mom said:

Bottom-dwelling, scum-sucking ambulance-chasing lawyers LOOKING for people who want to sue.

Please tell us how you really feel!

[yogimax]

1 hour ago, lovelife said:

 

In class action suits involving other stock I own, I am notified and required to choose to join the lawsuit (or not).

Yes, that is after a settlement has been approved.

 

You then have the option of taking the settlement amount or opting to sue on your own.

[BND]

Yeah, because lawsuits concerning stockholders losing money stand a chance lol.  It's a risk you take when you purchase stock. And, it's not securities fraud.  They left out a little part about the CDC and not allowing sailings.  This probably won't ever get to court, but of course what they want is a settlement which in no way should happen.

 

[orville99]

2 hours ago, FloridaGator said:

Way too many lawyers.

And a shortage of concrete.😉

[BND]

3 hours ago, FloridaGator said:

Way too many lawyers.

Well, we know what Shakespeare said about lawyers.

[lovelife]

Thanks.  This one doesn't apply to me.  I bought mine way back in the 90s at $8.

[flyguyjake]

Rather than banning immigrants, can we ban all lawyers...

[Domino D]

51 minutes ago, flyguyjake said:

Rather than banning immigrants, can we ban all lawyers...

Oddly enough, I doubt you can achieve this without a lawyer.

[John&LaLa]

3 hours ago, neverbeenhere said:

did you purchase shares during the period listed? Have you subsequently sold those shares at a loss? 

 

I bought around March 8, but held on and made a 50% profit eventually 

[Merion_Mom]

59 minutes ago, flyguyjake said:

Rather than banning immigrants, can we ban all lawyers...

 

 

There ARE good lawyers.  My father was one of many.  But plaintiffs' lawyers are a particularly loathesome breed.