WWE a ser investigada por violação de leis federais
Para além da quebra nos valores das suas acções em bolsa e consequente perda monetária, a WWE está agora a ser investigada e poderá ser acusada de ter inflacionado os valores das suas acções em bolsa com os diversos anúncios que foram feitos.
A investigação começou logo depois que foi anunciada a renovação do contrato com a NBCUniversal por um valor muito inferior ao que a WWE tinha anunciado há alguns meses atrás.
Eis o comunicado:
WWE INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL:
Kahn Swick & Foti, LLC Investigates World Wrestling Entertainment Inc. Following Disclosure of Disappointing Distribution Agreement
NEW ORLEANS, May 16, 2014 (BUSINESS WIRE) -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into World Wrestling Entertainment Inc.
On May 16, 2014, WWE disclosed that it had reached a multiyear deal with US broadcaster NBCUniversal for its long-running Raw and SmackDown programs, stating that the annual value of its television distribution agreements would reach $200 million, well below what investors were expecting. Daniel Moore, an analyst with CJS Securities, said in a research note that, “Given management’s more optimistic tone and the fact that other major sports franchises have garnered much higher increases, this outcome is likely to be viewed as disappointing by many investors.”
On this news, the value of WWE’s stock plummeted by over 43%.
KSF’s investigation is focusing on whether WWE and/or its officers and directors violated state or federal securities laws.
If you have information that would assist KSF in its investigation, or would like to discuss your legal rights, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn ( lewis.kahn@ksfcounsel.com ) or KSF Partner Melinda Nicholson ( melinda.nicholson@ksfcounsel.com ) toll free at 1-877-515-1850.
