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SeaWorld stock dips slightly after report of DOJ criminal investigation

SeaWorld Entertainment Inc.'s stock dropped less than two percent a day after a TV report about a criminal investigation into the theme park operator.
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CHARLIE KAIJO | Times file photo]
SeaWorld Entertainment Inc.'s stock dropped less than two percent a day after a TV report about a criminal investigation into the theme park operator. [ CHARLIE KAIJO | Times file photo]
Published Aug. 29, 2017

SeaWorld Entertainment Inc.'s stock dropped nearly three percent Tuesday, the day after an Orlando TV station reported that the U.S. Justice Department has launched a criminal investigation into the company. SeaWorld says it has been cooperating with the investigation since June.

Sandra Moser, acting chief of the DOJ's Fraud Section, confirmed that the office is starting an investigation, according to the report from Orlando's News 6. The probe examines a 2014 lawsuit filed by SeaWorld investors, who claim the company executives lied about the negative impact of the documentary "BlackFish" on the Orlando-based theme park's attendance and revenue. The documentary raised concerns about how SeaWorld treated killer whales at its theme parks.

PREVIOUS COVERAGE: SeaWorld reports loss as 'Blackfish' and competition continue to haunt fortunes

Contact Tierra Smith at tsmith@ tampabay.com or (414) 702-5006. Follow @bytierrasmith.

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