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WWE being investigated for "potential securities laws violations"

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A company that specializes in monitoring publicly-traded companies announced they are investigating WWE for "potential securities laws violations."

Shareholders Foundation, Inc. says they are investigating 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."

Specific statements were not mentioned in the announcement. Shareholders, Inc. says they are looking into comments made by "certain directors and officers" in connection with "certain financial statements."

Specific members of WWE management, nor a timeline were mentioned in the announcement. The announcement included references to WWE's year-end 2013 business, the stock price shooting past $30 in mid-March, and the recent sharp decline below $20 per share.

Shareholders, Inc. says WWE investors "have certain options" and should contact their company.

Update: WWE issued a statement responding to the story...

“The claim that Shareholders Foundation is allegedly investigating has absolutely no substance or merit.”
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