Singapore-based travel platform Trip.com Group Ltd. misled investors in SEC filings that described the risk of Chinese government anti-monopoly enforcement as merely hypothetical, a US investor says in a proposed class action.
Trip.com’s American Depositary Shares cratered after Bloomberg News reported in January of this year that China’s State Administration for Market Regulation had begun an antitrust probe of the company.
The Asia-focused travel booking company had a self-described “strategy to invest in complementary businesses and assets and establish strategic alliances,” Mohammed Adam Mikael Bin Mustapha De Wilde says. The investor filed the suit Wednesday in the US District Court ...
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