WWE Responds To Investigation Over Possible Securities Laws Violations

As noted earlier, Shareholders Foundation, Inc. sent out a press release today stating that they were launching an investigation on behalf of investors of WWE stock over potential securities laws violations by WWE.

"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," the press release read.

WWE sent us the following statement regarding the investigation:

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