Trivago N.V. (NASDAQ: TRVG)

DEFENDANT NAME: Trivago N.V.
STOCK SYMBOL: NASDAQ: TRVG
CASE NUMBER:
COURT: U.S. District Court for the Southern District of New York
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: December 13, 2016 - October 27, 2017
LEAD PLAINTIFF DEADLINE: December 29, 2017
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 TRVG@hbsslaw.com

Hagens Berman Sobol Shapiro LLP reminds investors in Trivago N.V. (NASDAQ: TRVG) of the December 29, 2017 Lead Plaintiff deadline in the securities class action pending in the U.S. District Court for the Southern District of New York.

If you purchased or otherwise acquired securities of TRVG between December 13, 2016 and October 27, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing TRVG@hbsslaw.com.

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 and cited concerns about the clarity, accuracy and presentation of information on sites that 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.

This news drove the price of Trivago ADSs down $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 TRVG@hbsslaw.com.


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