Recent Securities Litigations
D/B/A Royal Caribbean Cruises Ltd. Common Stock (NYSE: RCL)
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.