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Ademi & O'Reilly LLP, a law firm that protects the rights of individual investors, has initiated an investigation into WWE officer's actions during the recent stock, and subsequent drop. The following is listed on their website.
Practice Area: Stock Frauds
Stock Symbol: WWE
Case Status: Investigations
Class Period: August 1, 2013 to May 15, 2014
We are investigating possible securities fraud claims against World Wrestling Entertainment Inc. resulting from inaccurate statements WWE made regarding its business practices, financial statements and prospects.
Our investigation focuses on the extent to which WWE issued false and misleading statements regarding its business practices, financial statements, past and future business performance and prospects. Specifically, WWE’s statements that it would double the value of its domestic contracts for its two most popular shows, Monday Night Raw and Friday Night Smackdown, and that the prospects for its recently launched streaming video network were strong were false and misleading.
Thanks to Jay Allen for sending that along.
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