SAN DIEGO, Aug. 22, 2024 (GLOBE NEWSWIRE) — The law firm of Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving WEBTOON Entertainment Inc. (NASDAQ: WBTN) focused on whether WEBTOON and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.
If you have information that could assist in the WEBTOON investigation or if you are a WEBTOON investor who suffered a loss and would like to learn more, you can provide your information here:
https://www.rgrdlaw.com/cases-webtoon-entertainment-inc-investigation-wbtn.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.
THE COMPANY: WEBTOON is an entertainment company that operates a storytelling platform worldwide.
THE INVESTIGATION: On June 27, 2024, WEBTOON conducted its initial public offering, selling over 16.3 million shares at $21 per share for more than $340 million in gross offering proceeds. As of the August 19, 2024 close, WEBTOON’s shares traded at $13.06 per share, nearly 38% below the IPO price.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud cases. Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors. We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
https://www.rgrdlaw.com/services-litigation-securities-fraud.html
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Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
info@rgrdlaw.com
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