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Stull Stull & Brody and TheGrantLawFirm File Action Against Carnival on Behalf of Options Traders

To: All Persons or entities who purchased call options or sold put options for the securities of Carnival Corporation (NYSE: CCL), between January 28, 2020 and May 1, 2020, inclusive (the "Class", the "Class Period").

Stull Stull & Brody ("SSB") and TheGrantLawFirm, PLLC ("Grant Firm") commenced a securities class action captioned Abraham Atachbarian v. Carnival Corporation, et al., Case No. 20-23011, in the United States District Court for the Southern District of Florida (the "Action"). A copy of the complaint is available upon request.

The Action alleges that Carnival, Carnival PLC, and certain individual defendants made a series of false and misleading statements and concealed material information relating to the Company’s adherence to its health and safety protocols in the wake of the COVID-19 pandemic and its preparedness for it, in order to "keep the party going" on its various cruises, and underplayed the severity of the outbreak. As a result of these false and misleading statements and omissions made throughout the Class Period, options for Carnival’s stock, including puts and calls, traded at inflated prices.

Specifically, the Complaint alleges that during the Class Period, Carnival made statements that the risk of COVID-19 to its customers and crew was very low, that is was committed to the safety of its guests and crew, and that it had implemented enhanced policies and procedures to demonstrate that commitment. In the meantime, Carnival was concealing the fact that its policies and practices with respect to COVID-19 were woefully inadequate, that it was continuing to pick up passengers and crew members and putting them at risk as both passengers and crews on its ships were testing positive for the virus, and it was allowing ill passengers to disembark at various ports of call even though passengers had shown signs of illness while on the ship. It further made misrepresentations to authorities at these ports of call. Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

If you suffered a loss arising from your purchase or sale of Carnival options during the Class Period, you have until September 21, 2020, to file a motion with the Court seeking appointment of lead of a class of options purchasers or sellers. Your ability to share in any recovery does not require that you serve as a lead plaintiff.

If you have questions about this matter, please contact either Howard Longman at Stull Stull & Brody, at 973- 994- 2315, or email at hlongman@ssbny.com or Lynda J. Grant at 212-292-4441, or email at lgrant@grantfirm.com.

SSB has litigated class actions for the past 40 years and has recovered tens of millions of dollars on behalf of defrauded shareholders and consumers. Lynda J. Grant has been a New York Metro Super-Lawyer every year since 2014, and has been representing shareholders and consumers for almost 40 years. Prior results do not guarantee similar outcomes.

Attorney Advertising.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200723005826/en/


Stull Stull & Brody
Howard Longman
973- 994- 2315

Lynda J. Grant