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.
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.
Despite reaching a settlement, SeaWorld did not admit any wrongdoing.