– According to a press release from the law firm Scott & Scott Attorneys at Law, WWE is facing another investigation. This one is that the law firm is investigating if certain directors and officers of WWE breached their fiduciary duties to the company and its shareholders. You can see the full press release below:
WORLD WRESTLING ENTERTAINMENT, INC. INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates WWE’s Directors and Officers for Breach of Fiduciary Duties – WWE
NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, is investigating whether certain directors and officers of World Wrestling Entertainment, Inc. (“WWE”) (NYSE: WWE) breached their fiduciary duties to WWE and its shareholders. If you are a WWE shareholder, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982, or [email protected]
Scott+Scott is investigating whether members of WWE’s board of directors or senior management failed to manage WWE in an acceptable manner, in breach of their fiduciary duties to WWE, and whether WWE and its shareholders have suffered damages as a result.
On June 15, 2022, the Wall Street Journal reported that the WWE board was investigating an alleged $3 million settlement that CEO Vince McMahon agreed to pay in January 2022 to a former WWE employee with whom he allegedly had an affair.
What You Can Do
If you are a WWE shareholder, you may have legal claims against WWE’s directors and officers. If you wish to discuss this investigation, or have questions about this notice or your legal rights, please contact attorney Joe Pettigrew toll-free at (844) 818-6982 or [email protected]
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio.
Scott+Scott Attorneys at Law LLP
600 W. Broadway, Suite 3300, San Diego, CA 92101
As previously reported, company Chairman & CEO Vince McMahon is currently under investigation by World Wrestling Entertainment’s Board of Directors over an alleged $3 million payment made to a former employee he had a sexual relationship with.
It’s alleged that the payment was made to the former paralegal in January 2022 and prevents her from discussing her relationship with McMahon or disparaging him. The Board’s investigation reportedly began in April.