Another Law Firm Now Investigating WWE

WWE is now being investigated by eight legal firms.

by Andrew Pollard
WWE HQ
WWE

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.

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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

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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 rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

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The 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.

Senior Writer
Senior Writer

Once described as the Swiss Army Knife of WhatCulture, Andrew can usually be found writing, editing, or presenting on a wide range of topics. As a lifelong wrestling fan, horror obsessive, and comic book nerd, he's been covering those topics professionally as far back as 2010. In addition to his current WhatCulture role of Senior Content Producer, Andrew previously spent nearly a decade as Online Editor and Lead Writer for the world's longest-running genre publication, Starburst Magazine, and his work has also been featured on BBC, TechRadar, Tom's Guide, WhatToWatch, Sportkskeeda, and various other outlets, in addition to being a Rotten Tomatoes-approved film critic. Between his main dayjob, his role as the lead panel host of Wales Comic Con, and his gig as a pre-match host for Wrexham AFC games, Andrew has also carried out a hugely varied amount of interviews, from the likes of Robert Englund, Kane Hodder, Adrienne Barbeau, Rob Zombie, Katharine Isabelle, Leigh Whannell, Bruce Campbell, and Tony Todd, to Kevin Smith, Ron Perlman, Elijah Wood, Giancarlo Esposito, Simon Pegg, Charlie Cox, the Russo Brothers, and Brian Blessed, to Kevin Conroy, Paul Dini, Tara Strong, Will Friedle, Burt Ward, Andrea Romano, Frank Miller, and Rob Liefeld, to Bret Hart, Sting, Mick Foley, Ricky Starks, Jamie Hayer, Britt Baker, Eric Bischoff, and William Regal, to Mickey Thomas, Joey Jones, Phil Parkinson, Brian Flynn, Denis Smith, Gary Bennett, Karl Connolly, and Bryan Robson - and that's just the tip of an ever-expanding iceberg.