SeaWorld settles class action suit over 'Blackfish'
ORLANDO, Fla. – SeaWorld Entertainment, Inc. has settled a class-action lawsuit for $65 million related to the 2013 documentary “Blackfish.”
The lawsuit, filed by a group of shareholders in 2014, accused SeaWorld executives of violating the Securities Exchange Act by making false or misleading statements about how the film was impacting park attendance.
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BREAKING: SeaWorld settles class action lawsuit related to #Blackfish film for $65 million for alleged Securities Exchange Act violations. The company does not admit any wrongdoing. A jury trial was scheduled to begin next week. #News6pic.twitter.com/LSO5FnTiSJ
According to a filing with the Securities and Exchange Commission Tuesday, the company will make the payout to cover the claims as well as the costs of administration and legal fees.
Despite reaching a settlement, SeaWorld did not admit any wrongdoing.
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Cathleigh is a newscast producer and has been with News 6 since 2014. She graduated from the University of North Florida with a degree in communications, with a focus in broadcast journalism. Cathleigh produces the 5:30 a.m. and 6:30 a.m. newscasts.
