SeaWorld and former CEO James Atchison will pay a fine of more than US $5 million to settle charges that they misled investors about the negative impact of the documentary “Blackfish”.
It was uncovered that the firm lied to investors between 2013-2014 about the harm to its reputation from the movie Blackfish which drew a harsh portrait of the company and its treatment of killer whales.
To resolve the SEC's charges, SeaWorld Entertainment will pay $4 million while Atchison will pay $1 million.