SAN FRANCISCO, Nov. 01, 2017 (GLOBE NEWSWIRE) -- 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:
https://www.hbsslaw.com/cases/TRVG
or 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. 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 TRVG@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across
the country. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and
its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein
510-725-3000
