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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 1, 2020 to file lead plaintiff applications in a securities class action lawsuit against World Wrestling Entertainment, Inc. (“WWE”) (NYSE: WWE).
WWE and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 6, 2020, following a series of prior disappointing disclosures relating to its important, yet deteriorating, strategic relationship with the Kingdom of Saudi Arabia, the Company revealed that it had failed to secure a favorable broadcasting deal with the Saudis and that the Saudi media rights deal would not be included in the Company’s financial forecasting.
On this news, the price of WWE’s shares plummeted.
If you purchased shares of WWE and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is City of Warren Police and Fire Ret. Sys. v. World Wrestling Entm’t, Inc., et al., No. 20-cv-02031.
Click here to read the first filed complaint.