The law firm Schall, a “national shareholder rights litigation firm,” today announced that it is investigating WWE for “violations of securities laws” on behalf of WWE investors.
The investigation focuses on “whether WWE made false and/or misleading statements and/or failed to disclose relevant information to investors.”
The press release said the company was referring to last week’s Wall Street Journal report regarding Vince McMahon, who is being investigated by WWE’s Board of Directors for making a $3 million settlement. dollars to a former employee for an alleged sexual relationship.
The law firm also mentioned other nondisclosure agreements involving McMahon and WWE Talent Relations Manager John Laurinaitis, as well as the WWE Board of Directors’ Special Committee investigation into allegations of misconduct.
Shareholders who suffered a loss were urged to join a class action lawsuit and contact the law firm.
This comes after Scott + Scott Attorneys at Law LLP announced it was investigating whether WWE directors and officers breached their fiduciary duties. They are also investigating whether WWE and its shareholders suffered damages due to a possible violation.