Kuehn Law says it is investigating WEBTOON directors over investor disclosures
Kuehn Law said it is investigating whether WEBTOON Entertainment officers and directors breached fiduciary duties in connection with alleged disclosure issues tied to revenue growth and foreign exchange effects.
Kuehn Law, PLLC said it is investigating whether certain officers and directors of WEBTOON Entertainment Inc. breached fiduciary duties to shareholders, according to a PR Newswire notice dated Sept. 2, 2026.
The notice says the inquiry follows a federal securities lawsuit that alleges WEBTOON insiders caused the company to misrepresent or fail to disclose several business issues. Those alleged issues include a slowdown in advertising revenue growth, a slowdown in IP adaptations revenue, and exposure to weaker foreign currencies that offset revenue growth.
Kuehn Law’s notice says the statements were allegedly materially misleading and/or lacked a reasonable basis. The company is identified in the notice as WEBTOON Entertainment Inc., ticker NASDAQ: WBTN.
The PR Newswire item does not say WEBTOON has responded to the allegations. It also does not provide any court ruling or finding on the claims described in the notice.
According to the notice, Kuehn Law is asking current WBTN holders who bought shares before July 1, 2024 to contact Justin Kuehn, Esq. The notice lists [email protected] and (833) 672-0814 as contact details.
The notice also says Kuehn Law pays all case costs and does not charge investor clients. It carries attorney advertising language and says prior results do not guarantee similar outcomes.
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