San Diego, CA -- (SBWIRE) -- 09/16/2014 -- An investor, who purchased shares of SeaWorld Entertainment Inc (NYSE:SEAS), filed a lawsuit in the U.S. District Court for the Southern District of California over alleged violations of Federal Securities Laws by SeaWorld Entertainment Inc in connection with certain allegedly false and misleading statements made between April 18, 2013 through August 13, 2014.

Investors who purchased shares of SeaWorld Entertainment Inc’s (NYSE:SEAS) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2014. NYSE:SEAS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of SeaWorld Entertainment Inc’s (NYSE:SEAS) stock in its April 18, 2013, initial public offering (“IPO”) or on the open market from April 18, 2013 through August 13, 2014, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that SeaWorld Entertainment Inc allegedly failed to disclose in its IPO documents that it had improperly cared for and mistreated its Orca population which adversely impacted trainer and audience safety, that it continued to feature and breed an Orca that had killed and injured numerous trainers, and that it consequently created material uncertainties and risks existing at the time of IPO that could adversely impact attendance at its family oriented parks.

SeaWorld Entertainment Inc went public in April 2013 and shares of SeaWorld Entertainment Inc (NYSE:SEAS) reached $38.88 per share in May 2013.

On March 13, 2014, SeaWorld Entertainment Inc announced “record” fully year 2013 result. SeaWorld Entertainment Inc reported that its Total Revenue rose from over $1.42 billion in 2012 to over $1.46 billion in 2013 and that its Net Income declined from $77.44 million in 2012 to $50.48 million in 2013.

On April 3, 2014, SeaWorld Entertainment Inc announced the pricing of its secondary offering.

On May 14, 2014, SeaWorld Entertainment Inc reported its first quarter 2014 results. SeaWorld Entertainment Inc reported that its first quarter Revenue declined from $238.61 million in 2013 to $212.29 million in 2014 and that its first quarter Net Loss increased from $40.36 million in 2013 to $49.43 million in 2014.

The plaintiff claims that that when details of the Company's alleged improper practices were revealed by the documentary film Blackfish, SeaWorld Entertainment Inc allegedly misled investors by claiming the decrease in attendance at its parks was caused by Easter holiday and other factors. The plaintiff asserts that the decline in attendance was really caused by the mounting negative publicity from the alleged improper practices at SeaWorld Entertainment Inc that were revealed by the Blackfish film.

On August 13, 2014, SeaWorld Entertainment Inc reported its second quarter 2014 results. Among other things, SeaWorld Entertainment Inc disclosed that its second quarter Revenue declined from $411.3 million in 2013 to $405.2 million in 2014 and issued its guidance for the full year of 2014.

Shares of SeaWorld Entertainment Inc (NYSE:SEAS) declined to as low as $17.83 per share on August 14, 2014.

On September 9, 2014, NYSE:SEAS shares closed $20.44 per share.

Those who purchased shares of SeaWorld Entertainment Inc (NYSE:SEAS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com