Royal Caribbean, Execs Misled Investors: Suit

Law360, New York (August 2, 2011, 4:12 PM EDT) -- A Royal Caribbean Cruises Ltd. shareholder on Tuesday filed a class action in Florida against the cruise ship operator and three of its executives, alleging they misled investors about the company's financial prospects.

Named plaintiff Todd Roth also says company insiders — including CEO Richard Fain, Chief Financial Officer Brian J. Rice and Principal Accounting Officer Henry L. Pujol, named as co-defendants — took advantage of artificially high share prices boosted by rosy financial projections in order to reap illegal profits from selling their personal shares...
To view the full article, register now.




Case Information

Case Title

Roth v. Royal Caribbean Cruises Ltd. et al

Case Number



Florida Southern

Nature of Suit



Marcia G. Cooke

Date Filed

August 2, 2011

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.