Royal Caribbean Coronavirus Woes, Stock Drops Draw Investor Suit

Royal Caribbean Cruises Ltd. misled investors about the scope of the coronavirus’s negative impact on its business, according to a would-be class suit filed in federal court in Florida.

The Miami-based company assured investors in February that “it was only experiencing a slowdown from bookings in China,” but a series of corrective disclosures and cruise cancellations revealed the true extent of the virus’s damage to Royal Caribbean’s business, investors say in the suit in the U.S. District Court for the Southern District of Florida.

The company also failed to disclose its “inadequate policies and procedures to prevent the spread ...