SeaWorld says DOJ probe into ‘Blackfish’ statements is over

December 13, 2018

  • SeaWorld Entertainment says it has been notified that the U.S. Department of Justice is ending its probe into whether company officials misled investors about the negative impact the documentary “Blackfish” was having on its business.
  • In September, SeaWorld and two former executives agreed to pay more than $5 million to settle federal fraud claims brought by the U.S. Securities and Exchange Commission alleging they had made misleading statements about the documentary’s impact.

SeaWorld Entertainment says it has been notified that the U.S. Department of Justice is ending its probe into whether company officials misled investors about the negative impact the documentary “Blackfish” was having on its business.

In September, SeaWorld and two former executives agreed to pay more than $5 million to settle federal fraud claims brought by the U.S. Securities and Exchange Commission alleging they had made misleading statements about the documentary’s impact.

The Orlando-based theme park company said Wednesday in a SEC filing that Justice Department has now notified the company that it won’t take any action.

Attendance and revenue declined after the release of the 2013 documentary about the life of Tilikum, an orca that killed a SeaWorld trainer during a performance in Orlando in 2010.

Source: cnbc.com

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