Following similar such stories in recent weeks, WWE is now being investigated by an eighth law firm.
As picked up on by Wrestling Inc., Pomerantz Law Firm is the latest legal organisation investigating WWE where it pertains to the sports entertainment juggernaut's fiduciary responsibilities to investors.
All eight of these legal firms are looking into WWE for similar reasons, with the overarching thread being how WWE's stock price has been impacted after the Wall Street Journal published a report of Vince McMahon reportedly agreeing a $3 million settlement with a former female employee, plus the revelation that numerous other NDAs have allegedly been put in place by McMahon over the years. The main question right now, is whether WWE was complicit in securities fraud or other unlawful business practices in terms of knowledge of this situation.
In terms of the Pomerantz Law Firm case specifically, that reads as:
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of World Wrestling Entertainment, Inc. – WWE
AdvertisementNEW 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 firstname.lastname@example.org or 888-476-6529, ext. 9980.
AdvertisementThe investigation concerns whether WWE and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
In total, that means that the legal firms investing WWE at the time of this writing are:
- Scott+Scott Attorneys at Law LLP
- Rosen Law Firm
- The Schall Law Firm
- Bragar Eagel & Squire PC
- Labaton Sucharow
- Pomerantz LLP
- Moore Kuehn PLLC
- Kahn Swick & Foti LLC
Expect to be hearing more on these investigations as and when this story develops further, and we'll obviously be sure to provide updates if and when any other law firms become involved in this ongoing situation.