SeaWorld Entertainment disclosed in a recent regulatory filing it has reached a $65 million settlement to resolve a previously disclosed class-action lawsuit over allegations SeaWorld executives misled investors about the impact the 2013 controversial documentary film Blackfish had on the company’s reputation and business.
In September 2018, SeaWorld and its former CEO James Atchison reached a $5 million settlement with the Securities and Exchange Commission to resolve fraud charges for misleading investors about the impact Blackfish had on the company’s reputation and business. SeaWorld’s former vice president of communications also agreed to settle a fraud charge for his role in misleading SeaWorld’s investors.
