March 27, 2014 (Shareholders Foundation) - An investigation on behalf of investors of Carnival Corporation (NYSE:CCL) shares over potential securities laws violations by Carnival and certain of its directors and officers in connection certain financial statements was announced.

In February 2013, more than 4,000 passengers and crew members were stranded in the Gulf of Mexico after a fire knocked out the ship's power. The ship drifted four days before it could be towed into Mobile, Alabama. During this time, passengers and crew were without air conditioning and had minimal access to lights, water, food and working toilets.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Carnival Corporation (NYSE:CCL) concerning whether a series of statements by Carnival regarding its business, its prospects and its operations were materially false and misleading at the time they were made. More specifically, the investigation concerns whether Carnival knew of the possible malfunctions prior to setting sail and if the Company made timely disclosures to investors, including the impact the event had on future revenues and profits. Carnival's financial results and stock price were adversely affected by the incident.

Carnival Corporation reported that its Total Revenue rose from over $15.38 billion for the 12 months period that ended on Nov. 30, 2012 to over $15.45 billion for the 12 months period that ended on Nov. 30, 2013, while its respective Net Income declined from over $1.29 billion to $1.07 billion.

Shares of Carnival Corporation (NYSE:CCL) grew from $29.97 per share in February 2012 to as high as $41.36 per share in January 2014.

On March 27, 2014, NYSE: CCL shares closed at $37.32 per share.