Press release from Business Wire
Bronstein, Gewirtz & Grossman, LLC Investigates Royal Caribbean Cruises Ltd.
Friday, July 29, 2011
Bronstein, Gewirtz & Grossman, LLC Investigates Royal Caribbean Cruises Ltd.11:27 EDT Friday, July 29, 2011 NEW YORK (Business Wire) -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Royal Caribbean Cruises Ltd. (“Royal Caribbean” or the “Company”) (NYSE:RCL), concerning whether the company and certain of its officers and directors have violated federal securities laws. The investigation is related to July 28, 2011 report that Royal Caribbean revealed an accounting error that would force a revision of its full year profit guidance. The prior day, the Company reported second-quarter profit, but said it would have to revise prior statements because of an error in the way it accounted for interest expense for amortizing financing fees. It reduced its full-year earning guidance by 10 cents per share even without the accounting change, and by 20 cents per share with the change. On this news, shares of Royal Caribbean plunged 10%, or over $3.25 per share. If you are aware of any facts relating to this investigation, or purchased shares of Royal Caribbean, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate work, private securities offerings, and securities arbitration. Bronstein, Gewirtz & Grossman, LLCPeretz Bronstein or Eitan Kimelman, firstname.lastname@example.org