Trivago Escapes Investors' Stock Drop Suit

Law360 (February 27, 2019, 9:26 PM EST) -- A New York federal judge has granted Trivago NV's bid to dismiss an investor suit over a drop in the company’s stock price, ruling that the investors failed to show that the global hotel search platform did not disclose in a timely manner how it managed paying advertisers on its website.

U.S. District Judge Naomi Reice Buchwald on Tuesday dismissed with prejudice the shareholder lawsuit against Trivago; its U.S. representative, National Corporate Research Ltd.; and underwriters including J.P. Morgan Securities LLC and Goldman Sachs & Co. The judge’s 59-page ruling said the German site’s introduction of “relevance assessments” to regulate advertiser...

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