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SeaWorld Being Investigated for Potential Fraud by Rosen Law Firm

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Summary: The Rosen Law Firm, from New York City, has opened an investigation into the marine theme park SeaWorld for potential fraudulent actions and comments. 

The Rosen Law Firm PA, from New York City, has announced that it is “investigating potential securities claims against SeaWorld.”

If fraud and/or recklessness can be proven by the firm, SeaWorld can be subject to a class-action lawsuit, according to the Orlando Business Journal.

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The investigation stems from SeaWorld acknowledging that the film Blackfish and its backlash caused attendance at the marine theme park to drop.

“SeaWorld had acknowledged for the first time the negative publicity may have had a hit and may have been why the attendance has been flat for now and the past quarters. That was a new admission from them, something they had denied up to this time,” said Jonathan Stern, the Rosen Law Firm attorney.

The law firm is investigating whether or not the theme park knew the negative publicity was causing a negative impact, but downplayed it to help performance results. Stern said that this could classify it as a fraudulent act.

“We are looking into whether it’s fraud, what did they know, when did they know it and whether they were being reckless,” he said.

“As a matter of policy, we do not comment on litigation or the threat of litigation,” said SeaWorld spokesman Nick Gollattscheck.

Attorneys looking for law firm litigation jobs in New York City can visit here for latest openings .

Rosen Law Firm PA Investigating Possible Fraud on Part of SeaWorld by

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Posted by on August 20, 2014. Filed under Business News,Legal News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

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