BOSTON, MA / ACCESSWIRE / March 31, 2020 / Thornton Law Firm LLP alerts investors that a lawsuit has been filed against World Wrestling Entertainment, Inc. on behalf of WWE shareholders (NYSE:WWE). Investors who purchased WWE stock between February 7, 2019 and February 5, 2020 that are interested to learn more about the case and the lead plaintiff process, are encouraged to visit https://www.tenlaw.com/cases/WWE. Shareholders may also contact the Thornton Law Firm at shareholder@tenlaw.com, or call 617-531-3917. There is no minimum number of shares required to be a class member.
FOR MORE INFORMATION, VISIT: https://www.tenlaw.com/cases/WWE
Interested WWE shareholders have until May 5, 2020 to apply to be lead plaintiff. The lawsuit alleges violations of the federal securities laws, and the class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. There is no minimum number of shares required to be a class member.
World Wrestling Entertainment, Inc. ("WWE") is an integrated media and entertainment company that is primarily known for its scripted professional wrestling shows. The Complaint alleges that during the Class Period, Defendants failed to disclose that WWE was experiencing rising tension with the Saudi government and a breakdown in negotiations over a renewed broadcasting distribution deal; that the Saudi government and its affiliates had failed to make millions of dollars in payments owed to WWE pursuant to existing contractual commitments between the parties; that OSN had terminated the broadcast of WWE programming in the first quarter of 2019, despite a contractual obligation to continue such broadcasts, and that this cancellation was symptomatic of a deterioration in the business relationship between the parties; that OSN had rebuffed efforts to renew a distribution rights agreement on terms acceptable to WWE; and that WWE did not have the ability to expand its operations in the Middle East or within Saudi Arabia as had been represented to investors.
Investors who purchased WWE stock (NYSE:WWE) are encouraged to contact the Thornton Law Firm's shareholder rights team at www.tenlaw.com/cases/WWE, by email at shareholder@tenlaw.com, or calling 617-531-3917 to discuss the lead plaintiff process.
FOR MORE INFORMATION: https://www.tenlaw.com/cases/WWE
Thornton Law Firm's securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
CONTACT:
Thornton Law Firm LLP
State Street Financial Center
1 Lincoln Street
Boston, MA 02111
www.tenlaw.com/cases/WWE
SOURCE: Thornton Law Firm LLP
View source version on accesswire.com:
https://www.accesswire.com/583381/WWE-Shareholder-Alert-Class-Action-Lawsuit-Filed
