Lawsuit Alert: Investors Who Lost More Than $100,000 With WEBTOON Entertainment Inc. (NASDAQ:WBTN) Shares Should Contact the Shareholders Foundation
SAN DIEGO, CA, September 19, 2024 (Newswire.com) - A lawsuit is pending for certain investors in WEBTOON Entertainment Inc. (NASDAQ:WBTN) shares. Investors in NASDAQ:WBTN shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in WEBTOON Entertainment Inc. (NASDAQ:WBTN) shares.
Investors, who purchased a significant amount of shares of WEBTOON Entertainment Inc. (NASDAQ: WBTN) between June 24, 2024 to September 5, 2024, and / or those who purchased any NASDAQ: WBTN shares prior to June 2024 and continue to hold any of those shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On August 8, 2024, WEBTOON Entertainment Inc reported second-quarter 2024 revenue of $321 million, which fell short of analysts' forecast of $340.8 million.
Shares of WEBTOON Entertainment Inc. (NASDAQ: WBTN) declined to as low as $11.15 per share on August 12, 2024.
On September 5, 2024, an investor in NASDAQ: WBTN shares filed a lawsuit over alleged securities laws violations by WEBTOON Entertainment Inc. The plaintiff alleged that the defendants Defendants failed to disclose to investors that the Company experienced a deceleration in advertising revenue growth, that the Company experienced a deceleration in IP adaptations revenue, that the Company experienced exposure to weaker foreign currencies which offset revenue growth, and that as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
Contact Information
Michael Daniels
Manager
mail@shareholdersfoundation.com
858-779-1554
SOURCE: Shareholders Foundation, Inc.
Source: Shareholders Foundation, Inc.
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