Securities Class Action Dismissed for Travelzoo

On behalf of Travelzoo Inc., Skadden secured the dismissal of a securities class action lawsuit brought against the company and various former and current officers and directors challenging certain statements related to the company’s growth and its Getaways business and alleging that the officers and directors sold stock while in possession of materially adverse non public information. On March 29, 2013, Judge George B. Daniels of the U.S. District Court for the Southern District of New York dismissed the claims, ruling that the plaintiffs failed to allege any underlying securities violation by Travelzoo and the individual defendants.