NASDAQ: WSG Investor Notice: Update in Lawsuit against Wanda Sports Group Company Limited announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / March 10, 2020 / The Shareholders Foundation, Inc. announces that a that a lawsuit is pending for certain investors in Wanda Sports Group Company Limited (NASDAQ:WSG) shares.

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

On November 19, 2019, a lawsuit was filed against Wanda Sports Group Company Limited over alleged Securities Laws Violations. The plaintiff alleges that the Registration Statement that was filed in connection with the July 2019 initial public stock offering (the "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 Wanda Sports Group Company Limited (NASDAQ: WSG) shares 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.

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 579900