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Civil Litigation

Mar. 23, 2020

Businesses interrupted by COVID-19 might face investor suits, experts say

Litigation in response to historic losses caused by the coronavirus is likely on the horizon, experts forecast.

The coronavirus has shuttered businesses, suspended travel and forced people to stay home. It’s all exposed companies to massive liability.

On March 12, a day before President Trump declared a national emergency, the first investor lawsuit over a company’s reaction to the outbreak was filed against Norwegian Cruise Lines for allegedly misleading shareholders about its financial outlook in the face of the pandemic.

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