Trip.com Group Limited Faces Securities Fraud Class Action

Lawsuit alleges company failed to disclose antitrust probe and 19% stock decline

Mar. 14, 2026 at 4:33am

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Kahn Swick & Foti, LLC has filed a securities fraud class action lawsuit against Trip.com Group Limited (NasdaqGS: TCOM) on behalf of investors who purchased the company's securities between April 30, 2024 and January 13, 2026. The lawsuit alleges that Trip.com failed to disclose material information during this period, including an antitrust probe by Chinese regulators that led to a 19% decline in the company's stock price.

Why it matters

This case highlights the importance of transparency and disclosure for publicly traded companies. Investors rely on accurate and complete information to make informed decisions, and allegations of securities fraud can significantly impact a company's reputation and stock performance.

The details

According to the lawsuit, Trip.com and certain of its executives are accused of failing to disclose that the company was the subject of an antitrust probe by the State Administration for Market Regulations of the People's Republic of China (SAMR). The probe was based on allegations of "abusing its market position and engaging in monopolistic practices." In September 2025, the market regulator in Zhengzhou summoned Trip.com for violations of rules against setting "unfair restrictions" on merchants' transactions and prices. This information was not disclosed to investors until January 14, 2026, when Bloomberg reported on the probe. The news caused Trip.com's stock price to decline by 17.05% on January 14 and a further 2.35% on January 15.

  • The class period for the lawsuit is from April 30, 2024 to January 13, 2026.
  • On September 2025, the market regulator in Zhengzhou summoned Trip.com for violations.
  • On January 14, 2026, Bloomberg reported on the antitrust probe, causing a 17.05% decline in Trip.com's stock price.
  • On January 15, 2026, Trip.com's stock price fell a further 2.35%.

The players

Trip.com Group Limited

A Chinese travel services company that provides online hotel reservations, airline ticketing, and other travel-related services.

State Administration for Market Regulations of the People's Republic of China (SAMR)

The Chinese government agency responsible for enforcing antitrust and competition laws.

Kahn Swick & Foti, LLC

A law firm representing investors in the securities fraud class action lawsuit against Trip.com.

Charles C. Foti, Jr.

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

Lewis Kahn

The managing partner at Kahn Swick & Foti, LLC.

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What they’re saying

“If you purchased securities of Trip.com and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-tcom/ to learn more.”

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

What’s next

The deadline for investors to file lead plaintiff applications in the securities class action lawsuit against Trip.com is May 11, 2026.

The takeaway

This case highlights the importance of transparency and disclosure for publicly traded companies, as allegations of securities fraud can significantly impact a company's reputation and stock performance. Investors should be vigilant in monitoring the actions and disclosures of the companies they invest in to protect their financial interests.