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Investigation announced for NASDAQ: WSG Long-Term Investors over possible Wrongdoint at Wanda Sports Group Company Limited

05-05-2020 08:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Wanda Sports Group Company Limited (NASDAQ: WSG) shares over potential wrongdoing.

An investigation on behalf of investors in Wanda Sports Group Company Limited (NASDAQ: WSG) shares over potential wrongdoing.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Wanda Sports Group Company Limited.

Investors who purchased shares of Wanda Sports Group Company Limited (NASDAQ: WSG) and currently hold any of those NASDAQ: WSG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Wanda Sports Group Company directors breached their fiduciary duties and caused damage to the company and its shareholders.

On November 19, 2019, a lawsuit was filed against Wanda Sports Group Company Limited (NASDAQ: WSG) over alleged violations of Federal Securities Laws. The plaintiff claims that the Registration Statement that was filed in connection with the July 2019 IPO allegedly featured false and/or misleading statements and/or failed to disclose that the lack of major sporting events for its Digital, Production, Sports Solutions ("DPSS") and Spectator Sports segments for its second quarter of 2019, ending before the IPO, would negatively impact revenue for the second quarter of 2019, that Wanda Sports Group Company Limited had suffered a year-over-year decrease in revenue in its second quarter ended June 30, 2019 and would for its fiscal year 2019, primarily related to lower reimbursement revenues accounted for in its DPSS segment and lack of Spectator Sport segment offsets, and that 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.

Those who purchased shares of Wanda Sports Group Company Limited (NASDAQ: WSG) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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