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Royal Caribbean Cruises Ltd RCL Securities Stock Fraud

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Company: Royal Caribbean Cruises Ltd
Ticker Symbol: RCL
Class Period: Jan-27-11 to Jul-28-11
Date Filed: Aug-4-11
Lead Plaintiff Deadline: Oct-3-11
Court: Southern District of Florida
Allegations:
New York, NY: A securities class action lawsuit has been filed against Royal Caribbean Cruises Ltd. ("Royal Caribbean" or the "Company") (NYSE: RCL). The lawsuit was filed in the United States District Court for the Southern District of Florida on behalf of purchasers of the securities of Royal Caribbean between January 27, 2011 and July 28, 2011, inclusive (the "Class Period").

Royal Caribbean and certain of its officers and directors are charged with making a series of materially false and misleading statements related to the Company's business and operations in violation of the Securities Exchange Act of 1934.

The complaint alleges that on July 28, 2011, Royal Caribbean revealed for the first time that it was performing below expectations and that errors in previous accounting treatment of interest expense relating to its amortization of certain financing fees, had resulted in the revision of the Company's past financial statements. Besides announcing second quarter earnings per share of 47 cents that were revised to 43 cents because of the interest expense treatment, Royal Caribbean announced that 2011 earnings would be reduced by 20 cents, within a range of $2.85 to $2.95. Subsequently, shares of Royal Caribbean fell 13% on July 28, 2011 to below $31 per share on high volume of over 11.32 million shares.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Royal Caribbean Cruises Ltd RCL Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Royal Caribbean Cruises Ltd securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.

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