Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in Trivago N.V. (NASDAQ: TRVG) in connection to alleged violations of securities laws by TRVG. Fitapelli Kurta is interested in hearing from investors who have complaints regarding investments made in Trivago N.V. between December 13, 2016 and October 26, 2017.
The class action complaint specifically alleges that during the period in question, TRVG might have provided false and/or misleading material information, and/or failed to disclose adverse material information to the public, namely: that the company participated in misleading sales practices; that were the company’s practices revealed, it would likely be subjected to increased scrutiny from regulatory authorities; and that consequently the company’s statements to the public during the relevant period were false and misleading. The complaint alleges that when true facts came to light, investors suffered losses.
According to the company’s website, Trivago N.V. is “a global hotel search platform… focused on reshaping the way travelers search for and compare hotels.” Rolf Schrömgens is Chief Executive Officer; Axel Hefer is Chief Financial Officer; Malte Siewert is Chief Commercial Officer; Petter Vinnemeier is Chief Technology Officer; Andrej Lehnert is Chief Marketing Officer; and Johannes Thomas is Chief Revenue Officer. The company trades on the Nasdaq exchange under the call sign TRVG.