We now have two more law firms who are investigating WWE for a possible breach of fiduciary duties.
Pomerantz Law Firm and Weiss Law sent out press releases this week, which now takes the total number of law firms investigating WWE up to 10.
You can check out the pressers below:
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of World Wrestling Entertainment, Inc. – WWE
NEW YORK, June 27, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of World Wrestling Entertainment, Inc. (“WWE” or the “Company”) (NYSE: WWE). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether WWE and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 17, 2022, WWE announced that its Chairman and Chief Executive Officer (“CEO”) Vincent McMahon would be stepping down from those roles, with his daughter Stephanie returning to the company as interim Chief Executive Officer amid an ongoing investigation into an alleged secret hush deal with a former employee. WWE stated that it had formed a special committee to investigate the alleged improper behavior of CEO McMahon and John Laurinaitis, head of talent relations, who reportedly had relationships with a former employee and allegedly paid her a secret $3M settlement.
On this news, WWE’s stock price fell $2.36 per share, or 3.64%, to close at $62.51 per share on June 17, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
SOURCE Pomerantz LLP
SHAREHOLDER ALERT: Weiss Law Reminds WWE, DRE, SREV, and HR Shareholders About Its Ongoing Investigations
If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning
This notice or your rights or interests, please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
[email protected]
World Wrestling Entertainment, Inc. (NYSE: WWE)
Weiss Law, a national shareholders’ rights law firm, is investigating possible false and misleading statements, accounting and reporting practices, insider trading, breaches of fiduciary duty, and violations of the federal securities laws by the Board of Directors and certain company officers of World Wrestling Entertainment, Inc. (NYSE: WWE) concerning the company’s Chairman and CEO, Vince McMahon’s, secret $3 million hush-money settlement made to a former WWE employee, as well as numerous Non-Disclosure Agreements (“NDA”) entered into with former female employees who were alleging misconduct by McMahon and one of his top executives, Head of Talent Relations, John Laurinaitis. McMahon controls the company via his ownership of the majority of the company’s Class B voting shares. If you own WWE shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslaw.co/news-and-cases/wwe
You can keep up with all your wrestling news right here on eWrestlingNews.com. Or, you can follow us over on our Twitter and Facebook pages.
