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 WWE Under Investigation for “Potential Securities Laws Violations”

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WWE Under Investigation for “Potential Securities Laws Violations” Empty
PostSubject: WWE Under Investigation for “Potential Securities Laws Violations”   WWE Under Investigation for “Potential Securities Laws Violations” EmptyThu May 01, 2014 5:51 am

According to Shareholdersfoundation.com, WWE is currently being investigated by an unnamed law firm for "potential securities laws violations."

The law firm is investigating whether or not a series of statements made by World Wrestling Entertainment regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shareholders Foundation is a portfolio monitoring site that alerts stock holders when a company in which they own stock is under investigation, and although the site did not reveal the name of the law firm investigating WWE, they did note to stock holders that some type of investigation is currently underway.

Update: WWE has reached out to Wrestlezone and has issued the following statement regarding the Shareholders Foundation report:

“The claim that Shareholders Foundation is allegedly investigating has absolutely no substance or merit.”
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