Norwegian Cruise Line Holdings Ltd.
Company Name | Norwegian Cruise Line Holdings Ltd. |
Stock Symbol | NCLH |
Class Period | February 20, 2020 to March 12, 2020 |
Lead Plaintiff Motion Deadline | May 11, 2020 |
On March 11, 2020, the Miami New Times published an article, titled “Leaked Emails: Norwegian Pressures Sales Team to Lie About Coronavirus.” According to the article, the leaked emails show Norwegian managers pressuring sales employees to lie to customers about the threat of the coronavirus (COVID-2019) to protect the Company against cancellations. One of the emails reportedly advises sales staff to tell customers, "Coronavirus can only survive in cold temperatures, so the Caribbean is a fantastic choice for your next cruise."
On this news, the Company's share price fell $5.47 or over 26%, to close at $15.03 per share on March 11, 2020, thereby injuring investors.
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