WWE Directors & Officers Under New Investigation For ‘Breach Of Fiduciary Duties’

2 months ago by Liam Winnard

WWE Directors & Officers Under New Investigation For ‘Breach Of Fiduciary Duties’ Pat McAfee Show

WWE is being hit with yet another investigation on top of the one that came out yesterday regarding the allegations involving Vince McMahon.

A press release was sent out today via Business Wire from Scott+Scott Attorneys LLP stating the firm is “investigating whether certain directors and officers of World Wrestling Entertainment, Inc breached their fiduciary duties to WWE and its shareholders”.

This is separate from the investigation specifically into the Vince McMahon allegations that came to light yesterday, which is being conducted by WWE’s board of directors under the oversight of Simpson Thacher & Bartlett LLP.

The full press release from Scott+Scott Attorneys LLP is as follows:

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 jpettigrew@scott-scott.com.

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 jpettigrew@scott-scott.com.

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.

Attorney Advertising
Contacts
Joe Pettigrew
Scott+Scott Attorneys at Law LLP
600 W. Broadway, Suite 3300, San Diego, CA 92101
(844) 818-6982
jpettigrew@scott-scott.com

We will continue to provide more details on this story as they emerge. You can find all further updates at this link.

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