Securities Claims Over Virus Sales Tactics Proper, Norwegian Investor Argues

Mealey's (November 2, 2020, 5:25 PM EST) -- MIAMI — Dismissal of federal securities law claims against cruise line operator Norwegian Cruise Line Holdings Inc. and two of its senior executives stemming from the defendants’ alleged concealment of deceptive sales tactics that artificially inflated the company’s stock price in the wake of the novel coronavirus pandemic is unwarranted because a pension fund has sufficiently pleaded factual allegations supporting its claims that the defendants engaged in such tactics and concealed them from investors, the pension fund argues in an Oct. 29 opposition brief filed in Florida federal court (Eric Douglas v. Norwegian Cruise Lines, et al., No. 20-21107, S.D. Fla.)....