Investor: Court Failed To Consider Allegations In Dismissing Securities Claims

(July 11, 2019, 5:47 PM EDT) -- NEW YORK — A federal district court erred in holding that a lead plaintiff in a securities class action lawsuit against online hotel booking company Trivago N.V., certain of its senior executives, its American representative and underwriters of Trivago’s initial public offering (IPO) failed to sufficiently plead any actionable misstatement or omission in making his federal securities law claims because it ignored certain allegations made by the lead plaintiff demonstrating materiality, the lead plaintiff argues in a June 27 appellant brief filed in the Second Circuit U.S. Court of Appeals (Anthony Holbrook, et al. v. Trivago N.V., et al., No. 19-0766, 2nd Cir.)....

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