San Diego, CA -- (SBWIRE) -- 03/20/2017 -- An investigation on behalf of investors of Trivago NV – ADR (NASDAQ:TRVG) shares over potential securities laws violations by Trivago NV in connection certain financial statements was announced.
Investors who purchased shares of Trivago NV – ADR (NASDAQ:TRVG), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Trivago NV regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Trivago NV is a company that operates an online hotel search platform that allows users to search for, compare and book hotels. It went public in late 2016. Shares of Trivago NV – ADR (NASDAQ:TRVG) reached as high as $14.20 per share on February 21, 2017.
On March 9, 2017, Trivago NV disclosed to investors a material weakness in internal controls, citing lack of sufficient accounting personnel with appropriate level of accounting experience and training. Trivago NV further announced that it plans to expand accounting policies and procedures to remediate weakness.
Shares of Trivago NV – ADR (NASDAQ:TRVG) closed on March 17, 2017 at $12.13 per share.
Those who purchased shares of Trivago NV – ADR have certain options and should contact the Shareholders Foundation.
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