Rosen Law Firm Announces Investigation of SeaWorld Entertainment

[Calliegirl]

Yay, Sea World seems to be getting it from every side.

NEW YORK--(BUSINESS WIRE)-- The Rosen Law Firm, P.A. announces that it is investigating potential securities claims against SeaWorld Entertainment, Inc. (NYSE:SEAS), an operator of theme parks throughout the United States.

On August 13, 2014, the price of SeaWorld Stock dropped by $9.25 per share, or 32.9%. This drop followed SeaWorld’s announcement of earnings for the second quarter of 2014, where it revealed that revenues fell year over year and acknowledged for the first time that its earnings difficulties were related to negative publicity it has received in connection with its treatment of animals.

The Rosen Law Firm is preparing a securities class action lawsuit on behalf of purchasers of SeaWorld common stock to recover their investment losses...

The Rosen Law Firm Announces Investigation of SeaWorld Entertainment, Inc. - SEAS

 

[Second Summer]

Would someone care to translate this to plain English ...? "Securities claims"?

 

[Calliegirl]

I actually read another article which explained it better, I'll post it if I can find it again.
It said that Sea World was lying about their earnings, saying they were better than they really were because they didn't want to admit that Blackfish had done any damage. So, some people bought stock based on their false claims and that's who the class action lawsuit is for.