LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of WEBTOON Entertainment Inc. (“Webtoon” or “the Company”) (NASDAQ: WBTN) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Webtoon reported its second quarter 2024 financials on August 8, 2024, just six weeks after its initial public offering (IPO). The Company’s revenue of $321 million fell short of analysts’ forecasts. Based on this shortfall, shares of Webtoon fell by 38.1% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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