Investor Failed To Plead Misstatements In Trivago Stock Drop Suit, Panel Rules

Mealey's (December 18, 2019, 1:56 PM EST) -- NEW YORK — A federal district court correctly dismissed federal securities law claims in a shareholder class action against online hotel booking company Trivago N.V. and others in connection with a series of misstatements and omissions the defendants allegedly made leading up to and after the company’s initial public offering (IPO) because the defendants sufficiently “satisfied their legal disclosure obligations,” a Second Circuit U.S. Court of Appeals panel ruled Dec. 16 (Dharmanand Shetty v. Trivago N.V., et al., No. 19-0766, 2nd Cir., 2019 U.S. App. LEXIS 37026)....