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Mealeys

Mealey's Securities/D&O Liability - Approval Of $65M Settlement In SeaWorld Blackfish Stock-Drop Suit Sought

SAN DIEGO - Shareholders in a securities class action alleging that SeaWorld Entertainment Inc., its 100 percent shareholder and certain of its current and former senior executives asked a federal judge in California on Feb. 11 to grant preliminary approval of a $65 million settlement between the parties stemming from the defendants' alleged concealment of the negative impact the documentary "Blackfish" had on the company's business and financial condition (Lou Baker v. SeaWorld Entertainment Inc., et al., No. 14-2129, S.D. Calif.).
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