UPDATE: WWE sent out the following statement to
us today, regarding the below press release…
“The claim that Shareholders Foundation is allegedly
investigating has absolutely no substance or merit.”
ORIGINAL: Shareholders Foundation, Inc sent out
the following today…
World Wrestling Entertainment, Inc.
(NYSE:WWE) Investor Investigation Concerning Potential Violations Of Securities
Laws
If you purchased shares of World Wrestling Entertainment, Inc.
(NYSE:WWE), you have certain options and you should contact the Shareholders
Foundation, Inc.
To have your information reviewed for options and to
receive notifications about this investigation, please use this form. You may
also send an email to [email protected], or call us at (858)
779-1554.
Company Name(s): World Wrestling Entertainment
Affected
Securities: NYSE: WWE
April 29, 2014 (Shareholders Foundation) – An
investigation on behalf of investors of World Wrestling Entertainment, Inc.
(NYSE:WWE) shares over potential securities laws violations by World Wrestling
Entertainment and certain of its directors and officers in connection certain
financial statements was announced.
The investigation by a law firm
focuses on possible claims on behalf of purchasers of the securities of World
Wrestling Entertainment, Inc. (NYSE:WWE) concerning whether a series of
statements by World Wrestling Entertainment regarding its business, its
prospects and its operations were materially false and misleading at the time
they were made.
World Wrestling Entertainment, Inc. reported that its
annual Total Revenue rose from $484.01 million in 2012 to $507.97 million in
2013 while its respective Net Income fell from $31.43 million to $2.76 million.
Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) grew from $7.72 per
share in late 2012 to as high as $31.39 per share on March 20, 2014.
On
April 7, 2014, World Wrestling Entertainment, Inc. announced that it has changed
the location of its Annual Meeting of Stockholders to be held on April 25, 2014.
Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) declined from over $31
in March 2014 to as low as $19.65 per share on April 11, 2014.
On April
28, 2014, NYSE:WWE closed at $19.51 per share.
