Kuehn Law Encourages Investors of WEBTOON Entertainment Inc. to Contact Law Firm
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by officers and directors of WEBTOON Entertainment Inc. (NASDAQ: WBTN) towards shareholders [1] Financial Performance Issues - WEBTOON insiders allegedly caused the company to misrepresent or fail to disclose a deceleration in advertising revenue growth [2] - The company also reportedly experienced a deceleration in revenue from IP adaptations [2] - There was exposure to weaker foreign currencies that offset revenue growth [2] - As a result of these issues, positive statements regarding the company's business, operations, and prospects were deemed materially misleading or lacking a reasonable basis [2]