WWE Being Investigated For Potential Violations Of Securities Laws

Shareholders Foundation, Inc. issued the following today

World Wrestling Entertainment, Inc. (NYSE:WWE) Investor Investigation Concerning Potential Violations Of Securities Laws

If you purchased shares of World Wrestling Entertainment, Inc. (NYSE:WWE), you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to receive notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Company Name(s): World Wrestling Entertainment
Affected Securities: NYSE: WWE

April 29, 2014 (Shareholders Foundation) – An investigation on behalf of investors of World Wrestling Entertainment, Inc. (NYSE:WWE) shares over potential securities laws violations by World Wrestling Entertainment and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of World Wrestling Entertainment, Inc. (NYSE:WWE) concerning whether a series of statements by World Wrestling Entertainment regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

World Wrestling Entertainment, Inc. reported that its annual Total Revenue rose from $484.01 million in 2012 to $507.97 million in 2013 while its respective Net Income fell from $31.43 million to $2.76 million. Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) grew from $7.72 per share in late 2012 to as high as $31.39 per share on March 20, 2014.

On April 7, 2014, World Wrestling Entertainment, Inc. announced that it has changed the location of its Annual Meeting of Stockholders to be held on April 25, 2014. Shares of World Wrestling Entertainment, Inc. (NYSE:WWE) declined from over $31 in March 2014 to as low as $19.65 per share on April 11, 2014.

On April 28, 2014, NYSE:WWE closed at $19.51 per share.

 

WWE Releases Several NXT Talent’s Including Unexpected Popular Names

PWInsider reports that WWE released the following NXT wrestlers this afternoon:

Mason Ryan, former Nexus member who last lost to Tyson Kidd on NXT TV

* Shaul Guerrero, known as Raquel Diaz. She is the daughter of Eddie and Vickie Guerrero. This was her second run in WWE developmental.

* Danny Burch, a UK talent who had been signed since 2011.

* Oliver Grey, a UK talent, who just returned from a knee injury after being out for a while. He last lost to Camacho on NXT TV.


Top Japanese Wrestler Might Be Coming To WWE

KENTA

 

There is speculation that KENTA could be coming to WWE. In Japan this morning it was announced that KENTA has left the NOAH wrestling promotion. Earlier this year KENTA spent a week at the WWE Performance Center in Orlando. KENTA claimed to Japanese media that he wasn’t seeking a WWE deal but he would consider it if WWE offered. So now that he has left NOAH, there is speculation he could be coming to WWE, but it has not been confirmed.