RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Trivago N.V. (NASDAQ: TRVG) (“Trivago” or the “Company”) securities in or traceable to the Company’s American Depositary Receipts (“ADRs’): (1) pursuant and/or traceable to Trivago’s Registration Statement and Prospectus, issued in connection with the Company’s initial public offering on or about December 16, 2016 (the “IPO” or the “Offering”); and/or (2) on the open market between December 16, 2016 and October 26, 2017, inclusive (the “Class Period”).
Trivago shareholders may, no later than December 29, 2017, move the Court for appointment as a lead plaintiff of the Class. If you purchased shares of Trivago and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here.
Trivago N.V. provides online hotel search platform. The Company, through its platform, offers price information, reviews, photos, booking, and other travel services. Trivago serves customers worldwide and is a subsidiary of Expedia, Inc.
The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that (1) the Company engaged in deceptive sales practices; (2) such practices were nearly certain to bring Trivago under enhanced regulatory scrutiny; and (3) consequently, Trivago’s public statements were materially false and misleading at all relevant times.
On October 27, 2017, the U.K.’s Competition and Markets Authority (“CMA”) revealed that it was investigating the manner in which Trivago displays information to customers. Specifically, the CMA cited concerns about “pressure selling,” the way in which discounts are applied, and how hotels are ranked in search results on its website. Following this news, Trivago’s American Depositary Receipt price has dropped $0.36 per share, or 4.54%, to close at $7.57 on October 27, 2017.
If you are a member of the class, you may, no later than December 29, 2017, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as “lead plaintiff.” Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain RM LAW, P.C. or other counsel of your choice, to serve as your counsel in this action.