It seems the litigation floodgates have opened.
Another law firm is now investigating the WWE for what they claim are violations to securities laws on behalf of WWE investors.
The Schall Law Firm is probing whether the WWE “issued false and/or misleading statements and/or failed to disclose information pertinent to investors”.
The firm states they “represent investors around the world and specialize in securities class action lawsuits and shareholder rights litigation.”
Schall is encouraging investors to contact them at 310-301-3335, to discuss their rights free of charge. They can also be reached through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
Currently, the WWE’s board and the Simpson Thacher & Bartlett LLP firm is investigating what could be 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 probe has also 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, the head of talent relations at WWE.
WSJ: WWE board investigating Vince McMahon and ‘secret settlement’
