The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Wanda Sports Group Company Limited (Wanda Sports or the Company) (NASDAQ: WSG) for violations of the Federal securities laws.
Investors who purchased the Company’s shares pursuant and/or traceable to the registration statement and prospectus (collectively, the Registration Statement) issued in connection with the Companys July 2019 initial public offering (IPO) are encouraged to contact the firm before January 17, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Wanda Sports suffered from a lack of major events for its Digital, Production, Sports Solutions (DPSS) and Spectator Sports segments in the second quarter of 2019, negatively impacting revenue before its IPO. The Companys revenue dropped year-over-year for the second quarter and for the full 2019 fiscal year, primarily driven by the poor performance of the DPSS segment and lack of Spectator Sport segment offsets. Based on these facts, the Companys public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Wanda Sports, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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