Another Law Firm Announces Its Investigation Into WWE
Yet another law firm is investigating WWE.
Kaskela Law LLC announced that they are investigating WWE on behalf of investors. The investigation focuses on whether WWE and/or the company’s officers and directors violated the securities laws or breached their fiduciary duties
WWE SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of World Wrestling Entertainment Inc. (WWE) and Encourages Long-Term WWE Shareholders to Contact the Firm
PHILADELPHIA, July 11, 2022 /PRNewswire/ — Shareholder protection law firm Kaskela Law LLC announces that it is investigating World Wrestling Entertainment Inc. (“WWE”) (NYSE: WWE) on behalf of the company’ long-term investors.On June 15, 2022, The Wall Street Journal reported that WWE’s Board of Directors was investigating “a secret $3 million settlement that longtime chief executive Vince McMahon agreed to pay to a departing employee with whom he allegedly had an affair.” The article further reported that WWE’s investigation, “which began in April, has unearthed other, older nondisclosure agreements involving claims by former female WWE employees of misconduct by Mr. McMahon and one of his top executives, John Laurinaitis.”
Subsequently, on July 8, 2022, The Wall Street Journal reported that McMahon had “agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity, an amount far larger than previously known.”
The investigation is focused on whether WWE and/or the company’s officers and directors violated the securities laws or breached their fiduciary duties in connection with the above alleged misconduct.
Long-term current WWE shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email (abell@kaskelalaw.com) or online at https://kaskelalaw.com/cases/wwe/ , to receive additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation, and has helped recover in excess of $100 million on behalf of victimized investors. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com
Previously, Labaton Sucharow and Bragar Eagel & Squire both sent out press releases announcing they are investigating WWE on whether the company has violated the federal securities laws. Learn more here.
On Wednesday, June 15, the Wall Street Journal published a report saying the WWE board of directors is investigating McMahon on a secret $3 million hush pact regarding an alleged affair.
On July 8, The Wall Street Journal further reported on more hush pact agreements that were uncovered, totaling the amount of money paid to around $12 million.
