​A New Lawsuit Filed Against WWE Claiming False & Misleading Statements

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The Shareholders Foundation sent out the
following…

Investor Alert: Lawsuit against World Wrestling
Entertainment, Inc. (NYSE:WWE) alleges False and Misleading
Statements

The Shareholders Foundation announces that an investor, who
purchased shares of World Wrestling Entertainment, Inc. (NYSE:WWE), filed a
lawsuit in the U.S. District Court for the District of Connecticut over alleged
violations of Federal Securities Laws by World Wrestling Entertainment, Inc. in
connection with certain allegedly false and misleading statements made between
October 31, 2013 and May 16, 2014.

Investors who purchased shares World
Wrestling Entertainment, Inc. (NYSE:WWE) have certain options and for certain
investors are short and strict deadlines running. Deadline: September 23, 2014.
NYSE:WWE investors should contact the Shareholders Foundation at
[email protected] or call +1(858) 779 – 1554.


According to
the complaint the plaintiff alleges on behalf of purchasers of World Wrestling
Entertainment, Inc. (NYSE:WWE) common shares between October 31, 2013 and May
16, 2014, that the defendants violated Federal Securities Laws.


The
plaintiff claims that that, October 31, 2013 and May 16, 2014 certain officers
of World Wrestling Entertainment, Inc. issued allegedly materially false and
misleading statements regarding World Wrestling Entertainment, Inc’s ability to
command a premium fee in upcoming negotiations to renew its television license
agreement.

More specifically, the plaintiff alleges that defendants
caused World Wrestling Entertainment, Inc. to issue false and misleading
statements in public filings, press releases, and conference calls where they
publicized their ability to renew their television license agreement at double
the value in upcoming negotiations and that these statements downplayed the fact
that advertisers pay less to reach World Wrestling Entertainment, Inc. viewers
than traditional sports or other shows on the USA Network and the negative
impact on the television license negotiations resulting from the Company’s
launch of its World Wrestling Entertainment, Inc. Network.

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 May 15, 2014, after the market
closed, World Wrestling Entertainment, Inc. announced that it had reached a
multi-year deal with NBCUniversal Cable Entertainment increasing the value of
the U.S. television license agreement by $57 million, or 50%.

Shares of
World Wrestling Entertainment, Inc. declined from $19.93 per share on May 15,
2014, to $11.27 per share on May 16, 2014 and continued to decline to as low as
$10.81 per share on May 22, 2014.

On August 12, 2014, NYSE:WWE shares
closed at $13.71 per share.

Those who purchased shares of World Wrestling
Entertainment, Inc. (NYSE:WWE) have certain options and should contact the
Shareholders Foundation.

Contact:
Shareholders Foundation,
Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San
Diego
Phone: +1-(858)-779-1554
Fax:
+1-(858)-605-5739
[email protected]


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