The following press release was issued today:
SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notify Investors of Class Action Involving World Wrestling Entertainment Inc. and a Lead Plaintiff Deadline of September 23, 2014
NEW YORK, Aug. 20, 2014 (GLOBE NEWSWIRE) — The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC 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.
Click here to learn about the case: http://docs.wongesq.com/WWE-Info-Request-Form-356. There is no cost or obligation to you.
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 Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/WWE-Info-Request-Form-356.