WWE SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against World Wrestling Entertainment Inc. - WWE


NEW ORLEANS, July 28, 2014 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 23, 2014 to file lead plaintiff applications in a securities class action lawsuit against World Wrestling Entertainment Inc. (NYSE:WWE), if they purchased the Company's securities during the period between October 31, 2013 and May 16, 2014, inclusive (the "Class Period"). This action is pending in the United States District Court for the District of Connecticut.

What You May Do

If you purchased shares of WWE and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, call toll-free at 1-877-515-1850, or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com) or KSF Partner Melinda Nicholson (melinda.nicholson@ksfcounsel.com). If you wish to serve as a lead plaintiff in this class action, you must petition the Court by September 23, 2014.

About the Lawsuit

WWE and certain of its executives are charged with issuing a series of materially false and misleading statements during the Class Period, violating federal securities laws.

On May 16, 2014, WWE disclosed that it had reached a multiyear deal with NBCUniversal for its Raw and SmackDown programs, stating that the annual value of its television distribution agreements would reach $200 million, well below what investors were expecting. Daniel Moore, an analyst with CJS Securities, said in a research note that, "Given management's more optimistic tone and the fact that other major sports franchises have garnered much higher increases, this outcome is likely to be viewed as disappointing by many investors."

On this news, the value of WWE's stock plummeted by 43%.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.



            

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