NEW YORK, May 6, 2020 /PRNewswire/ -- Moore Kuehn,
PLLC, a securities law firm located on Wall Street, is
investigating potential claims involving directors and officers
regarding possible breaches of fiduciary duties related to whether
insiders caused their companies to make false and/or misleading
statements and/or failed to disclose, among other things, that:
- World Wrestling Entertainment, Inc. (NYSE:
WWE)
(1) WWE was experiencing rising tension with the Saudi
government and a breakdown in negotiations over a renewed
broadcasting distribution deal; (2) the Saudi government had failed
to make millions of dollars in payments owed to WWE pursuant to
existing contractual commitments; (3) OSN had terminated the
broadcast of WWE programming in the first quarter of 2019 and that
this cancellation was symptomatic of a deterioration in the
business relationship; and (4) WWE did not have the ability to
expand its operations in the Middle
East or within Saudi Arabia
as had been represented to investors.
- Hallmark Financial Services, Inc. (NASDAQ: HALL)
(1) that the Company lacked effective internal controls over
accounting and financial reporting related to reserves for unpaid
losses; (2) that the Company improperly accounted for reserve for
unpaid losses and loss adjustment expenses related to its Binding
Primary Commercial Auto business; (3) that, as a result, Hallmark
Financial would be forced to report a $63.8
million loss development for prior underwriting years; and
(4) that, as a result, Hallmark Financial would exit from its
Binding Primary Commercial Auto business.
- Funko, Inc. (NASDAQ: FNKO)
(1) Funko was experiencing lower than expected sales; (2) as a
result, Funko was reasonably likely to incur a write down for
slower moving inventory; and (3) as a result of the foregoing,
defendants' positive statements about the Company's business,
operations, and prospects were materially false and/or misleading
and/or lacked a reasonable basis.
If you own WWE, HALL, or FNKO please contact Fletcher Moore, Esq. by email at
fmoore@moorekuehn.com or telephone at (212) 709-8245.
There is no cost or obligation to you. Moore Kuehn is a
New York-based law firm with
attorneys representing investors and consumers in class action
litigation involving securities law violations, financial fraud,
breaches of fiduciary duties, and other claims. For
additional information about Moore Kuehn, please go to
http://www.moorekuehn.com/practice/new-york-shareholder-derivative-litigation/
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Moore Kuehn, PLLC
Fletcher Moore, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
fmoore@moorekuehn.com
(212) 709-8245
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