<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="BENSALEM, Pa., April 01, 2020 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.
” data-reactid=”12″>BENSALEM, Pa., April 01, 2020 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to [email protected].” data-reactid=”13″>Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to [email protected].
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Crown Castle International Corp. (NYSE: CCI)
Class Period: February 26, 2018-February 26, 2020
Lead Plaintiff Deadline: April 27, 2020” data-reactid=”14″>Crown Castle International Corp. (NYSE: CCI)
Class Period: February 26, 2018-February 26, 2020
Lead Plaintiff Deadline: April 27, 2020
The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) Crown Castle’s internal control over financial reporting and disclosures controls and procedures were ineffective and materially weak; (2) Crown Castle’s financial accounting and reporting was not in accordance with GAAP; (3) Crown Castle’s net income, adjusted EBITDA, and AFFO were inflated; (4) Crown Castle would need to restate its financial statements for the years ended December 31, 2018 and 2017, and unaudited financial information for the quarterly and year-to-date periods in the year ended December 31, 2018 and for the first three quarters in the year ended December 31, 2019; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="World Wrestling Entertainment, Inc. (NYSE: WWE)
Class Period: February 7, 2019-February 5, 2020
Lead Plaintiff Deadline: May 5, 2020” data-reactid=”16″>World Wrestling Entertainment, Inc. (NYSE: WWE)
Class Period: February 7, 2019-February 5, 2020
Lead Plaintiff Deadline: May 5, 2020
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) that they were experiencing rising tension with the Saudi government and a breakdown in negotiations over a renewed broadcasting distribution deal; (2) that the Saudi government and its affiliates had failed to make millions of dollars in payments owed to WWE pursuant to existing contractual commitments between the parties, including at least $60 million owed in connection with the June 2019 Super ShowDown event; (3) that the Orbit Showcase Network ("OSN") had terminated the broadcast of WWE programming in the first quarter of 2019 despite a contractual obligation to continue such broadcasts and this cancellation was symptomatic of a deterioration in the business relationship between the parties; (4) that the OSN had rebuffed efforts to renew a distribution rights agreement on terms acceptable to WWE, and such renewal was unlikely to occur in 2019, if ever; (5) that WWE did not have the ability to expand its operations in the Middle East or within Saudi Arabia as had been represented to investors; (6) that the OSN had refused to restart the broadcast of WWE programming despite a contractual obligation to continue such broadcasts; and (7) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.” data-reactid=”17″>The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) that they were experiencing rising tension with the Saudi government and a breakdown in negotiations over a renewed broadcasting distribution deal; (2) that the Saudi government and its affiliates had failed to make millions of dollars in payments owed to WWE pursuant to existing contractual commitments between the parties, including at least $60 million owed in connection with the June 2019 Super ShowDown event; (3) that the Orbit Showcase Network (“OSN”) had terminated the broadcast of WWE programming in the first quarter of 2019 despite a contractual obligation to continue such broadcasts and this cancellation was symptomatic of a deterioration in the business relationship between the parties; (4) that the OSN had rebuffed efforts to renew a distribution rights agreement on terms acceptable to WWE, and such renewal was unlikely to occur in 2019, if ever; (5) that WWE did not have the ability to expand its operations in the Middle East or within Saudi Arabia as had been represented to investors; (6) that the OSN had refused to restart the broadcast of WWE programming despite a contractual obligation to continue such broadcasts; and (7) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tilray, Inc. (NASDAQ: TLRY)
Class Period: January 15, 2019-March 2, 2020
Lead Plaintiff Deadline: May 5, 2020” data-reactid=”18″>Tilray, Inc. (NASDAQ: TLRY)
Class Period: January 15, 2019-March 2, 2020
Lead Plaintiff Deadline: May 5, 2020
The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) that the purported advantages of the ABG Agreement were significantly overstated; (2) that the underperformance of the ABG Agreement would foreseeably have a significant impact on the Company’s financial results; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Funko, Inc. (NASDAQ: FNKO)
Class Period: October 31, 2019-March 5, 2020
Lead Plaintiff Deadline: May 11, 2020” data-reactid=”20″>Funko, Inc. (NASDAQ: FNKO)
Class Period: October 31, 2019-March 5, 2020
Lead Plaintiff Deadline: May 11, 2020
The complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) that Funko was experiencing lower than expected sales; (2) that, as a result, Funko was reasonably likely to incur a writedown for slower moving inventory; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com” data-reactid=”28″>Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
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