Carnival Defeats Securities Fraud Lawsuit Over Covid-19 Handling

Carnival Corp. shook off a securities class complaint alleging it concealed information about following health and safety protocols during the Covid-19 pandemic, after the Southern District of Florida found the cruise line made no materially false or misleading statements.

The complaint doesn’t adequately plead violations of then-existing Centers for Disease Control and Prevention regulations or internal protocols, the U.S. District Court for the Southern District of Florida said Wednesday. Carnival’s statements on the topics weren’t, therefore, misrepresentations, the court said.

Although the shareholders alleged that Carnival violated the CDC’s guidance by failing to provide personal protective equipment to all passengers ...