Multiple sources are confirming that another law firm has
launched an investigation against WWE on suspicion that WWE "issued
false and misleading statements regarding its business practices,
financial statements, past and future business performance and
prospects."
Below is a statement posted on the official website of the law firm Ademi & O'Reilly LLP:
Below is a statement posted on the official website of the law firm Ademi & O'Reilly LLP:
"Practice Area: Stock Frauds
Stock Symbol: WWE
Case Status: Investigations
Class Period: August 1, 2013 to May 15, 2014
We are investigating possible securities fraud claims against World Wrestling Entertainment Inc. resulting from 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."
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