The following press release was issued today:
WORLD WRESTLING ENTERTAINMENT INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates World Wrestling Entertainment, Inc. Officers and Directors – WWE
June 24, 2022 10:50 p.m. Eastern Daylight Time
NEW ORLEANS–(BUSINESS WIRE)–Former Louisiana Attorney General Charles C. Foti, Jr., Esq., partner at the law firm Kahn Swick & Foti, LLC (“KSF”), announces that KSF has launched an investigation into World Wrestling Entertainment, Inc. (“WWE”) (NYSE: WWE).
On June 17, 2022, the company disclosed that Chairman and CEO Vincent McMahon was stepping down from his responsibilities as CEO and Chairman of the Board pending an investigation into allegations media reports that he paid $3 million to a departing employee with whom he was allegedly having an affair, and that since the investigation began in April, the board had uncovered several older nondisclosure agreements with former WWE employees who involved claims against McMahon and Talent Relations Manager John Laurinaitis.
KSF’s investigation focuses on whether WWE officers and/or directors breached their fiduciary duties to the company’s shareholders or otherwise violated state or federal laws.
If you have information that could help the KSF in their investigation, or if you have been a long-time WWE stockholder and wish to discuss your legal rights, you may, at no obligation or cost to you, call toll-free 1 -877-515-1850 or email Lewis Kahn, KSF Managing Partner ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-wwe/ for more know more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – seeking to recover investment losses due to corporate fraud and malfeasance by listed companies in stock exchange. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you can visit www.ksfcounsel.com.