[August 08, 2014] |
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SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100,000 From Investment In World Wrestling Entertainment Inc. To Contact Brower Piven Before The September 23, 2014 Lead Plaintiff Deadline In Class Action Lawsuit
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the District of Connecticut on
behalf of purchasers of World Wrestling Entertainment Inc. ("WWE" or the
"Company") (NYSE: WWE) securities during the period between October 31,
2013 and May 16, 2014, inclusive (the "Class Period").
If you have suffered a loss from investment in WWE securities purchased
on or after October 31, 2013 and held through the revelation of negative
information during and/or at the end of the Class Period, as described
below, and would like to learn more about this lawsuit and your ability
to participate as a lead plaintiff, without cost or obligation to you,
please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616. No class has yet been certified in
the above action. Members of the Class will be represented by the lead
plaintiff and counsel chosen by the lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must
apply to be appointed lead plaintiff no later than September 23, 2014
and be selected by the Court. The lead plaintiff will direct the
litigation and participate in important decisions including whether to
accept a settlement and how much of a settlement to accept for the Class
in the action. The lead plaintiff will be selected from among applicants
claiming the largest loss from investment in Company units during the
Class Period.
The complaint accuses the defendants of violations of the Securities
Exchange Act of 1934 by virtue of the defendants' failure to disclose
during the Class Period the Company's true ability to command a premium
fee in upcoming negotiations to renew its television license agreement.
According to the complaint, following the Company's May 15, 2014
announcement that it had reached a multi-year deal with NBCUniversal
Cable Entertainment increasing the value of the U.S. television license
agreement by $57 million, or 50%, the value of WWE shares declined
significantly.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s. If you choose to retain counsel,
you may retain Brower Piven without financial obligation or cost to you,
or you may retain other counsel of your choice. You need take no action
at this time to be a member of the class.

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