SeaWorld shareholder lawsuit will proceed

Investors claim that SeaWorld executives gave them a false impression of how the documentary “Blackfish” would affect the park’s attendance. These investors were given permission from a federal judge to continue their lawsuit against SeaWorld.

SeaWorld attorneys stated that the shareholders did not show proper evidence to prove that the company had done anything to mislead the investors.

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According to clickorlando.com, U.S. District Judge Michael M. Anello wrote, “The Court tentatively finds Plaintiffs have sufficiently pleaded the element of falsity based upon allegations made by confidential witnesses, allegations regarding negative publicity targeting SeaWorld Entertainment, and attendance declines at SeaWorld Entertainment parks.”

In April, federal judge Michael M. Anello threw out the original lawsuit by the shareholders against SeaWorld stating that they did not show enough evidence to prove that “Blackfish” affected park attendance.

Credit: clickorlando.com

Photo: Labeled for reuse

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Stephen "Steve" Porter started going to the parks with his family in 1996. Since then he hasn't looked back! Steve was a cast member participating in the Disney College Program in 2013. Most recently he graduated from Penn State University!

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