Sunday, 25 August 2024 11:13 AM
Class Action
NEW YORK, NY / ACCESSWIRE / August 25, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WEBTOON Entertainment Inc. ("WEBTOON Entertainment Inc.") (NASDAQ:WBTN) concerning possible violations of federal securities laws.
On August 8, 2024, six weeks after its initial public offering (IPO), Webtoon reported second-quarter 2024 revenue of $321 million, which fell short of analysts' forecast of $340.8 million.
Following this news, Webtoon's share price dropped over 38% the same day. To obtain additional information, go to:
https://zlk.com/pslra-1/webtoon-entertainment-inc-lawsuit-submission-form?prid=97961&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP