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SeaWorld Expects SEC Sanction in Blackfish Disclosure Case

Hannah Sampson

Photo Credit: Orcas perform at SeaWorld Orlando in this photo from 2017. The company said April 12, 2018 that the SEC has warned that it intends to take some action in an investigation. Skift / Chad Sparkes

Skift Take

One investigatory shoe is dropping on SeaWorld. Now eyes turn to the U.S. Department of Justice.

Ten months after revealing it was the subject of a federal investigation, SeaWorld said late Thursday that the Securities and Exchange Commission had recently warned that it intends to take some sort of enforcement action. Both the SEC and Department of Justice sent subpoenas in mid-2017 to SeaWorld related to an investigation "concerning disclosures and public statements made by the company and certain executives and/or individuals on or before August 2014, including those regarding the impact of the 'Blackfish' documentary, and trading in the company’s securities," the company said in a June 2017 regulatory filing. In a new filing Thursday, the beleaguered theme

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