Public companies may face "event-driven" COVID-19 shareholder claims. For example, a shareholder could claim that a lack of preparedness led to adverse impacts on business operations and revenues. This week, we saw the first coronavirus securities lawsuit against cruise operator Norwegian Cruise Lines. The suit also named Norwegian's CEO and CFO, as well as the CEO of Inovio Pharmaceuticals Inc. The complaint alleged misrepresentations about the safety and/or efficacy of the company's product.