Levi & Korsinsky, LLP announces that a WWE class action lawsuit has been filed on behalf of investors who purchased World Wrestling Entertainment, Inc. (WWE) securities between February 7, 2019 and February 5, 2020. For more on the WWE Lawsuit please contact us today.
According to the World Wrestling Entertainment, Inc. lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
Defendants perpetrated a fraudulent scheme which: (i) deceived the investing public regarding WWE’s business and prospects; (ii) artificially inflated the price of WWE Class A common stock; (iii) permitted certain senior executives of WWE to sell more than $282 million worth of their personally held shares at fraud inflated prices; and (iv) caused the public to purchase WWE Class A common stock at artificially inflated prices.
If you suffered a loss in World Wrestling Entertainment, Inc. you have until May 5, 2020 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.