A lawsuit was filed on behalf of investors in Trivago NV – ADR (NASDAQ:TRVG) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 11/28/2017 -- An investor in NASDAQ:TRVG shares filed a lawsuit against Trivago in the U.S. over alleged violations of Federal Securities Laws.
Investors who purchased shares of Trivago NV – ADR (NASDAQ:TRVG) should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff claims that between December 16, 2016 and October 26, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company engaged in deceptive sales practices; (ii) such practices were nearly certain to bring Trivago under enhanced regulatory scrutiny; and (iii) as a result of the foregoing, Trivago's public statements were materially false and misleading at all relevant times.
On March 9, 2017, Trivago NV disclosed to investors a material weakness in internal controls, citing lack of sufficient accounting personnel with appropriate level of accounting experience and training. Trivago NV further announced that it plans to expand accounting policies and procedures to remediate weakness.
On October 27, 2017, the U.K.'s Competition and Markets Authority ("CMA") announced that it was investigating the manner in which Trivago displays information to customers. Specifically, the Competition and Markets Authority cited concerns about the clarity, accuracy and presentation of information on sites, which could mislead customers. The Competition and Markets Authority said it would examine how hotels were ranked, whether results were influenced by how much commission a hotel pays over the customer's requirements, the use of "pressure selling," and hidden charges.
Those who purchased shares of Trivago NV – ADR (NASDAQ:TRVG) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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