LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) files a class action lawsuit on behalf of investors that purchased or otherwise acquired Trivago’s American Depositary Receipts (“ADRs”) (“Trivago” or the “Company”) (NASDAQ: TRVG) 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 on the open market between December 16, 2016 and October 27, 2017, inclusive (the “Class Period”). Trivago investors have until December 29, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the Trivago page on our website at www.glancylaw.com/case/trivago-nv-0.
Investors suffering losses on their Trivago investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to firstname.lastname@example.org.
On December 16, 2016, the Company completed its initial public offering ("IPO"), issuing 26,110,118 American Depositary Receipts ("ADRs") at $11.00 per ADR. Then, on October 27, 2017, the United Kingdom's Competition and Markets Authority ("CMA") announced that it was investigating the manner in which Trivago displays information to customers.
On this news, Trivago's shares dropped $0.36 per share, or 4.54%, to close at $7.57 on October 27, 2017, thereby damaging investors.
The complaint filed in this class action alleges that during the Class Period Trivago made materially false and/or misleading statements and/or failed to disclose that: (1) Trivago engaged in deceptive sales practices; (2) such practices were almost certain to bring Trivago under enhanced regulatory scrutiny; and (3) as a result of the foregoing, Trivago’s public statements were materially false and misleading at all relevant times.
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If you purchased shares of Trivago during the Class Period you may move the Court no later than December 29, 2017 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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Source: Glancy Prongay and Murray LLP