NEW YORK, Aug. 27, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the District of Connecticut on behalf of investors who purchased World Wrestling Entertainment Inc. ("WWE" or the "Company") (WWE) common stock between October 31, 2013 and May 16, 2014. The complaint alleges that throughout the Class Period defendants violated securities laws by failing to disclose the Company's true ability to command a premium fee in upcoming negotiations to renew its television license agreement. On May 16, 2014, the Company disclosed that it had reached a multiyear deal with NBCUniversal for its television programs Raw and SmackDown, stating that the annual value of its television distribution agreements is expected to reach $200 million, far below investor expectation. On a May 19, 2014 earnings call, Chairman and CEO Vince McMahon stated "We were a little disappointed in our NBCU deal, quite frankly..." If you suffered a loss in WWE you have until September 23, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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