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heidikay

By heidikay,
in Royal Caribbean International

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Biker19

Biker19

Posted
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Royal Caribbean Group has scheduled a conference call for 10:00 a.m. Eastern Time, Thursday, Oct. 29, 2020, to provide a business update and discuss third quarter 2020 financial results.

 

The company is expected to have released third quarter results by market open on Oct. 29.

 

The call will be available on-line at the company's investor relations website, www.rclinvestor.com.

 

On the call, company executives are expected to outline the current state of the business and then taking questions from financial analysts. The key topic will be expected return to service in the United States along with forward bookings and supply growth, as well as cost cutting. 

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Biker19

Biker19

Posted
Posted

BOSTON, MA / ACCESSWIRE / October 26, 2020 / The Thornton Law Firm announces that a class action lawsuit has been filed on behalf of investors of Royal Caribbean Cruises Ltd. (NYSE:RCL). Investors who purchased RCL stock or other securities between February 4, 2020, and March 17, 2020, may contact the Thornton Law Firm to obtain a copy of the complaint or to discuss the lead plaintiff process.

 

The case alleges that Royal Caribbean and its executives made misleading statements to investors and failed to disclose that the Company was experiencing a decrease in customer bookings outside China and that it had inadequate policies and procedures to prevent the spread of COVID-19 on its ships. The Complaint states that the scope of the impact COVID-19 had on the Royal Caribbean's overall bookings and the inability of Royal Caribbean to prevent the virus' spread on its ships was revealed through a series of corrective disclosures, leading the price of Royal Caribbean stock to decline significantly.

 

 

The lawsuit alleges violations of the federal securities laws. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the securities at issue in the case during the Class Period to seek appointment as a lead plaintiff in the lawsuit. A lead plaintiff acts on behalf of all other investor class members in managing the class action and can select a law firm of their choice to litigate the lawsuit. Serving as a lead plaintiff does not impact an investor's share in any potential recovery. Investors do not need to be a lead plaintiff to be a member of the class. If investors choose to take no action, they can remain an absent class member. Interested Royal Caribbean investors have until December 7, 2020, to apply to be a lead plaintiff. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.

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nelblu

nelblu

Posted
Posted
28 minutes ago, NJ&Ozzie said:

We purchased stock on March 12, 2020.   Is this lawsuit something we should be involved in?

NJ 

Don't expect much of anything.  In past lawsuits, the individual investor gets some scraps and the big money to the lawyers.

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NJ&Ozzie

NJ&Ozzie

Posted
Posted
37 minutes ago, nelblu said:

Don't expect much of anything.  In past lawsuits, the individual investor gets some scraps and the big money to the lawyers.

 

37 minutes ago, nelblu said:

Don't expect much of anything.  In past lawsuits, the individual investor gets some scraps and the big money to the lawyers.

Sounds odd.  Wonder how this lawsuit idea got going?

NJ 

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yogimax

yogimax

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1 hour ago, Biker19 said:

That would be up to you - contact the law firm to discuss 

Nah, that would be a waste of time for the vast majority of small investors.  This case will take years.  The only reason to contact the law firm is if you wanted to have your name tacked on as a lead complainant.

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NJ&Ozzie

NJ&Ozzie

Posted
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19 minutes ago, yogimax said:

Nah, that would be a waste of time for the vast majority of small investors.  This case will take years.  The only reason to contact the law firm is if you wanted to have your name tacked on as a lead complainant.

Thanks for info!  Was curious but not sure this is something I will pursue.  Would rather spend efforts planning some cruises....

NJ 

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crewsweeper "Live from...." Rare

crewsweeper

Posted
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Wait until contacted by the law firm ir settlement court with details.  You will most likely have a timeline to submit a claim and whatever proof you need.  Just be aware, that if you did not sell during or right after the time period, the "loss" is a paper loss, not realized.  RCL has recovered about 45% of the drop.

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taglovestocruise

taglovestocruise

Posted
Posted
4 hours ago, NJ&Ozzie said:

We purchased stock on March 12, 2020.   Is this lawsuit something we should be involved in?

NJ 

Even with the big hit this month you are still sitting on  a 90% gain, assuming you are still holding.  March 12th stock was in the very low 30's.. happy investing 

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NJ&Ozzie

NJ&Ozzie

Posted
Posted
12 minutes ago, taglovestocruise said:

Even with the big hit this month you are still sitting on  a 90% gain, assuming you are still holding.  March 12th stock was in the very low 30's.. happy investing 

Yup, I'm not complaining.  Now if only the cruises happen....

NJ

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Dennis#1

Dennis#1

Posted
Posted (edited)
2 hours ago, yogimax said:

Wait a minute... that's an enemy ship!

A cruise on any ship and/or any cruise line departing from a USA port would be great at this time.  

Edited by Dennis#1
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The_Big_M

The_Big_M

Posted
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9 hours ago, Sunshine3601 said:

This is so ridiculous.   Just another blood sucking attorney.     I'm sorry but when you buy a stock you take a risk.  No one knew how this virus was going to play out in February / early March.     Ridiculous!!

 

I don't see anything in the suit that claims they should have known how it was going to play out. 

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twangster "Live from...." Rare

twangster

Posted
Posted
Just now, molly361 said:

No restart news I guess?

 

Don't think they want to say much absent of CDC action related to the pending upcoming expiration of the NSO.

 

Same references to cruising will restart with one or two ships and grow from there... etc., etc.  

 

Claims that Quantum December bookings were strong indicative of the pent up demand... etc., etc.

 

Same level of previously discussed monthly cash burn rates.   

 

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