Ademi & O’Reilly, LLP have announced they will also be opening an investigation against WWE over “securities fraud claims” in what they described as “inaccurate statements WWE made regarding its business practices, financial statements and prospects.”
“Our investigation focuses on the extent to which WWE issued false and misleading statements regarding its business practices, financial statements, past and future business performance and prospects. Specifically, WWE’s statements that it would double the value of its domestic contracts for its two most popular shows, Monday Night Raw and Friday Night Smackdown, and that the prospects for its recently launched streaming video network were strong were false and misleading.”
Ademilaw.com: World Wrestling Entertainment Inc.