Levi & Korsinsky, a securities law firm, says that they have issued an alert to investors on possible violations of federal securities laws related to World Wrestling Entertainment, Inc.
The law firm issued a press release that stated the following: “Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Certain Officers and Directors of World Wrestling Entertainment, Inc.”
The press release has been modified and no longer lists the part about “certain officers and directors.” You can read the updated press release below:
NEW YORK, NY / ACCESSWIRE / February 6, 2020 /Â Levi & Korsinsky notifies investors that it has commenced an investigation of World Wrestling Entertainment, Inc. (“WWE” or “the Company”) (WWE) concerning possible violations of federal securities laws.
On October 31, 2019, WWE released its financial results for the third quarter of 2019. The Company disclosed a large decline in net income and cash flow generated as compared to the third quarter of 2018 and cited “unfavorable timing of working capital and lower operating performance” as the cause of the decline.
Following these disclosures, WWE’s stock price plummeted by 18.68%.
To obtain additional information, go to:
https://www.zlk.com/pslra-1/world-wrestling-entertainment-inc-loss-form
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s 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.
