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The Securities and Exchange Commission today announced that SeaWorld Entertainment Inc. and its former CEO have agreed to pay more than $5 million to settle fraud charges for misleading investors about the impact the documentary film Blackfish had on the company’s reputation and business. SeaWorld’s former vice president of communications also agreed to settle a fraud charge […]
SeaWorld has been under investigation by both the SEC and Department of Justice for executives’ disclosures and public statements in August 2014 and earlier about the impact of the anti-captivity “Blackfish” documentary and trading in the company’s securities. SeaWorld also is facing litigation accusing it of misleading shareholders about how the film contributed to falling […]
SeaWorld Entertainment is in more hot water. The company has been hit with a shareholder lawsuit accusing it of misleading investors about the impact of last year’s “Blackfish” documentary on attendance and mistreating its famed killer whales. via SeaWorld sued by shareholders over ‘Blackfish’ scandal | New York Post