SAN DIEGO, Oct. 15, 2019 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP, is investigating potential claims
against Wanda Sports Group Company Limited (NASDAQ: WSG) ("Wanda")
for violations of federal securities laws.
On or about July 26, 2019, Wanda
sold about 23.8 million shares of stock in its initial public stock
offering (the "IPO"), at $8.00 a
share raising approximately $190,000,000 in new capital. However, since the
IPO, Wanda stock has plunged, on October 15,
2019, shares closed at $3.86.
Since the IPO, Wanda Sports Group's CEO resigned and the Company
reported poor financial results for the second quarter of 2019.
Specifically, Johnson Fistel's
investigation seeks to determine whether the Company's filings with
the U.S. Securities and Exchange Commission in connection with its
July 2019 IPO and subsequent investor
communications contained untrue statements of material facts or
omitted to state other facts necessary to make the statements made
therein not misleading concerning the Company's business, and
operations.
If you have information that could assist in this
investigation, or if you are a Wanda shareholder and
are interested in learning more about the investigation or your
legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) at
619-814-4471. If emailing, please include a phone number.
Additionally, you can [Click here to join this action]. There is
no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
View original
content:http://www.prnewswire.com/news-releases/wanda-wsg-alert-johnson-fistel-launches-investigation-into-wanda-sports-group-company-limited-investors-suffering-losses-encouraged-to-contact-firm-300939196.html
SOURCE Johnson Fistel, LLP