SAN FRANCISCO, — Hagens Berman Sobol Shapiro LLP alerts investors in Trivago N.V. (NASDAQ:TRVG) to the securities class action filed in the U.S. District Court for the Southern District of New York and to the December 29, 2017 Lead Plaintiff deadline. If you purchased or otherwise acquired Trivago American Depositary Shares (“ADSs”) (1) pursuant and/or traceable to the Company’s December 16, 2016 ADS Prospectus and/or (2) on the open market between December 16, 2016 and October 26, 2017, and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
On or about December 16, 2016, Trivago completed its initial public offering of ADSs and issued approximately 26.11 million at $11 per ADS for total proceeds of over $287 million.
On October 27, 2017, the U.K.’s Competition and Markets Authority (“CMA”) announced that it was investigating the manner in which Trivago displays information to customers. Specifically, the CMA cited concerns about the clarity, accuracy and presentation of information on sites, which could mislead customers. The CMA said it would examine how hotels were ranked, whether results were influenced by how much commission a hotel pays over the customer’s requirements, the use of “pressure selling”, and hidden charges.
On this news, Trivago ADSs fell $0.36, or 4.54%, to close at $7.57 on October 27, 2017. By this time, the price of Trivago ADSs had fallen approximately $3.43, or about 31%, from their December 16, 2016 issue price.
“We’re focused on whether Trivago reported revenues obtained through possibly illegal conduct and the damages investors have suffered,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Trivago should consider their options to help in the investigation or take advantage of the SEC whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].
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