Bloomberg Law has a story about the WWE shareholders who filed a lawsuit against Vince McMahon.
The group had been seeking repayment of $17.4 million that the company spent investigating the Chairman after last summer’s hush money scandal.
The judge in the case granted the dismissal. The article noted,
“McMahon and WWE continue to face other legal challenges, including a lawsuit filed in late April that accuses the company and its leaders of discriminating and retaliating against a Black female writer who objected to racist scripts and storylines used in wrestling broadcasts.
The investors leading the case are variously represented by Christensen & Dougherty LLP, Scott & Scott Attorneys at Law LLP, Bernstein Litowitz Berger & Grossmann LLP, Robbins LLP, and Richard A. Maniskas of Berwyn, Pa.
McMahon is represented by Potter Anderson & Corroon LLP. WWE is represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.
The case is In re World Wrestling Ent. Inc. Deriv. Stockholder Litig., Del. Ch., No. 2023-0039, 5/3/23.”
