Wednesday, October 21, 2020

Law firm to investigate WWE for possible violation of federal securities laws and fraud

-

Levi & Korsinsky, a securities law firm, has issued a press release stating that they have made investors aware of possible violations to federal securities laws when it comes to WWE.

According to the law firm, they will be investigating whether or not WWE has committed any violations of federal securities laws, specifically whether or not any fraud violations took place from any of the members of the company.

In the press release, the law firm references WWE’s third-quarter finances, noting that “On October 31, 2019, WWE released its financial results for the third quarter of 2019. The Company disclosed a large decline in net income and cash flow generated as compared to the third quarter of 2018 and cited “unfavorable timing of working capital and lower operating performance” as the cause of the decline.”

Whether or not any wrongdoing will be found has yet to be determined, but the company will likely be updating everyone as their investigation continues.

- Advertisement -

Original article on mandatory.com

- Advertisement -
- Advertisement -

MUST READ

Germany issues international arrest warrant for founders of law firm at the centre of Panama Papers

Germany has issued international arrest warrants for the two founders of the firm at the centre of the tax haven scandal exposed by the...

Goldman to pay over $2 billion in DOJ’s 1MDB Probe

Goldman Sachs Group Inc. has reached a long-awaited pact with the U.S. Department of Justice to pay more than $2 billion for the bank’s...

Ex-managers of Security firm pleads guilty in Santa Clara County concealed gun permit bribery scandal

Two former managers of a Silicon Valley international security firm pleaded guilty Monday to charges related to a bribery scheme to obtain concealed firearms...

Ohio former House Speaker Larry Householder to stand for reelection amid bribery charges

Republican Rep. Larry Householder’s name will be on the ballot Election Day as the disgraced Ohio lawmaker intends to serve his district for another...

Billionaire Robert Smith to Pay $140 million after admitting to tax evasion

Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax...
Advertisement
Advertisement

Latest News

This Week

Parent company of world’s largest meatpacker plead guilty in bribery case, fined $280 million

The owner of the world's largest meatpacker pleaded guilty in U.S. federal court on Wednesday to paying nearly $180 million in bribes to top...

Ex-managers of Security firm pleads guilty in Santa Clara County concealed gun permit bribery scandal

Two former managers of a Silicon Valley international security firm pleaded guilty Monday to charges related to a bribery scheme to obtain concealed firearms...

Texas billionaire Robert Brockman charged in $2 billion tax evasion case

Robert Brockman, the Houston billionaire and CEO of a software company, has been charged with taking $2 billion through a scheme to evade taxes,...

Ohio former House Speaker Larry Householder to stand for reelection amid bribery charges

Republican Rep. Larry Householder’s name will be on the ballot Election Day as the disgraced Ohio lawmaker intends to serve his district for another...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks