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Posted by
Two Blokes Apr 22 -
Filed in
Stock
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NEW YORK , April 22, 2025 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of WEBTOON Entertainment Inc. (NASDAQ: WBTN) breached their fiduciary duties to shareholders. According to a federal securities lawsuit, WEBTOON insiders caused the company to misrepresent or fail to disclose that (1) that the Company experienced a deceleration in advertising revenue growth; (2) that the Company experienced a deceleration in IP adaptations revenue; (3) that the Company experienced exposure to weaker foreign currencies which offset revenue growth; (4) that, as a result of the foregoing, positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
