Another Law Firm Investigating WWE's Recent Business Decisions
Posted by Jeremy Thomas on 05.22.2014
From New York...
- Law Firm of Levi & Korsinsky, LLP released the following press release today, noting that they are launching an investigation into WWE's Board of Directors in response to possible breaches of fiduciary duty:
SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by the Board of Directors of World Wrestling Entertainment Inc.
NEW YORK, May 22, 2014 (BUSINESS WIRE) -- Levi & Korsinsky, LLP is investigating World Wrestling Entertainment Inc. ("WWE" or the "Company") WWE in connection with possible breaches of fiduciary duty.
To get more information, click here: http://zlk.9nl.com/world-wrestling-entertainment-wwe. There is no cost or obligation to you.
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…" Shares of WWE are down from a close of $19.93 per share on May 15, 2014, to a recent close of just $10.96 per share on May 19, 2014.
If you own common stock in WWE and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/world-wrestling-entertainment-wwe .
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.