Trip.com Group Limited Faces Securities Fraud Class Action

Lawsuit alleges company failed to disclose material information during class period, leading to 19% stock decline

Mar. 13, 2026 at 7:04am

Got story updates? Submit your updates here. ›

Trip.com Group Limited, a major online travel company, is facing a securities fraud class action lawsuit. The lawsuit alleges the company failed to disclose material information during the class period from April 30, 2024 to January 13, 2026, which resulted in a 19% decline in the company's stock price. The lawsuit was filed by Kahn Swick & Foti, LLC, a prominent securities litigation law firm.

Why it matters

The allegations of securities fraud and antitrust violations against Trip.com raise concerns about the company's business practices and transparency with investors. The significant stock decline highlights the potential financial impact on shareholders. The class action lawsuit provides an opportunity for affected investors to seek recovery of their losses.

The details

The lawsuit alleges that Trip.com and certain executives failed to disclose that the company was the subject of an antitrust probe by China's State Administration for Market Regulations (SAMR). The probe was based on allegations of 'abusing its market position and engaging in monopolistic practices.' In September 2025, the Zhengzhou market regulator had summoned Trip.com for violations of rules against setting 'unfair restrictions' on merchants' transactions and prices.

  • The class period for the lawsuit is from April 30, 2024 to January 13, 2026.
  • On January 14, 2026, Bloomberg reported the antitrust probe, causing Trip.com's stock to fall 17.05%.
  • On January 15, 2026, Trip.com's stock fell an additional 2.35%.

The players

Kahn Swick & Foti, LLC

A prominent securities litigation law firm that is leading the class action lawsuit against Trip.com.

Charles C. Foti, Jr.

A partner at Kahn Swick & Foti, LLC and former Attorney General of Louisiana.

Trip.com Group Limited

A major online travel company that is the subject of the securities fraud class action lawsuit.

Got photos? Submit your photos here. ›

What they’re saying

“Investors with substantial losses have until May 11, 2026 to file lead plaintiff applications in this securities class action lawsuit against Trip.com.”

— Lewis Kahn, Managing Partner, Kahn Swick & Foti, LLC

What’s next

The judge in the case will decide on May 11, 2026 whether to allow the lawsuit to proceed as a class action.

The takeaway

This case highlights the importance of corporate transparency and the potential consequences for companies that allegedly engage in anticompetitive practices and fail to disclose material information to investors. The class action lawsuit provides a means for affected shareholders to seek recourse for their losses.