DEADLINE TOMORROW: LEVI & KORSINSKY, LLP Reminds Investors of Class Action Against World Wrestling Entertainment Inc. & Its B...
September 22 2014 - 7:52PM
Business Wire
Levi & Korsinsky announces that a class action lawsuit has
been commenced in the United States District Court for the District
of Connecticut on behalf of investors who purchased World Wrestling
Entertainment Inc. (“WWE” or the “Company”) (NYSE:WWE) common stock
between October 31, 2013 and May 16, 2014.
For more information, click here:
http://zlk.9nl.com/world-wrestling-entertainment-wwe.
The complaint alleges that throughout the Class Period
defendants violated securities laws by failing to disclose the
Company’s true ability to command a premium fee in upcoming
negotiations to renew its television license agreement.
On May 16, 2014, the Company disclosed that it had reached a
multiyear deal with NBCUniversal for its television programs Raw
and SmackDown, stating that the annual value of its television
distribution agreements is expected to reach $200 million, far
below investor expectation. On a May 19, 2014 earnings call,
Chairman and CEO Vince McMahon stated “We were a little
disappointed in our NBCU deal, quite frankly…”
If you suffered a loss in WWE you have until September 23, 2014
to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn’t require that you serve as
a lead plaintiff. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/world-wrestling-entertainment-wwe.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut, and Washington D.C. The firm's 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq. / Eduard Korsinsky,
Esq.212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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