SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

September 09, 2014 14:56 ET

DEADLINE ALERT: LEVI & KORSINSKY, LLP Notifies Investors of Class Action Against World Wrestling Entertainment Inc. and Its Board of Directors and a Lead Plaintiff Deadline of September 23, 2014 -- WWE

NEW YORK, NY--(Marketwired - Sep 9, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Connecticut on behalf of investors who purchased World Wrestling Entertainment Inc. ("WWE" or the "Company") (NYSE: WWE) common stock between October 31, 2013 and May 16, 2014.

For more information, click here: http://zlk.9nl.com/world-wrestling-entertainment-wwe.

The complaint alleges that throughout the Class Period defendants violated securities laws by failing to disclose the Company's true ability to command a premium fee in upcoming negotiations to renew its television license agreement.

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..."

If you suffered a loss in WWE you have until September 23, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com 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. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510
    www.zlk.com