Carnival COVID-19 Securities Action Dismissed With Leave to Amend



DOCUMENTS
  • Order


MIAMI β€” A Florida federal judge has dismissed a securities action in which Carnival Corp. was accused of misrepresenting the preventive measures it took during the early days of the COVID-19 pandemic, finding the plaintiffs failed to allege that the cruise line acted with β€œan intent to deceive, manipulate, or defraud its investors or with severe recklessness.”

In a May 28 order, Judge K. Michael Moore of the U.S. District Court for the Southern District of Florida added it is plausible that Carnival prioritized health and safety aboard its ships, and that the company believed the risk to its business …






UPCOMING CONFERENCES




HarrisMartin's New Jersey Asbestos Litigation Conference

June 13, 2022 - New Brunswick, NJ
Hyatt Regency New Brunswick

MORE DETAILS



HarrisMartin's Webinar Series: Science in Mass Torts - What You Need to Know

February 23, 2022 - None, None
None

MORE DETAILS