Scott+Scott Attorneys at Law investigating WWE’s Directors and Officers for breach of fiduciary duties

WWE's Directors and Officers being investigated for Breach of Fiduciary duties

Photo courtesy: WWE

Scott+Scott Attorneys at Law LLP investigating WWE.

On June 15th, Wall Street Journal first broke the story that WWE’s Board of Directors is investigating a secret settlement deal involving Vince McMahon and a former employee who he engaged in a relationship with.

Today, a press release was issued through Business Wire that Scott+Scott Attorneys at Law LLP is investigating WWE’s Directors and Officers for breach of fiduciary duties. It is noted in the presser that if you are a shareholder, contact attorney Joe Pettigrew.

Scott+Scott is looking into whether members of WWE’s Board of Directors or the company’s senior management team failed to manage WWE in an acceptable manner, in breach of their fiduciary duties and if shareholders have suffered damages as a result.

WORLD WRESTLING ENTERTAINMENT, INC. INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Investigates WWE’s Directors and Officers for Breach of Fiduciary Duties – WWE

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.

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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

The aforementioned Wall Street Journal story reads that WWE’s board began their investigation in April and discovered other nondisclosure agreements from former female employees. The law firm Simpson Thacher & Bartlett LLP is watching over the investigation.

About Andrew Thompson 4630 Articles
A Maryland native and graduate of Norfolk State University, Andrew Thompson has been covering wrestling since 2017.