Smooth Sailing: Another Securities Class Action Against a Cruise Line Dismissed
By EsqSocial Corporation 15/06/21
On May 27, 2021, the United States District Court for the Southern District of Florida dismissed a securities class action against Carnival Corp. (“Carnival”), which operates the world’s largest cruise company, relating to the company’s health and safety disclosures made prior to and as the COVID-19 pandemic spread. This decision follows a dismissal of another securities fraud class action against a major cruise operator six weeks earlier by the same court....
By: Proskauer - Corporate Defense and Disputes