The WWE shareholder trial set to begin on Monday no longer appears on the Delaware Court of Chancery calendar.
Bloomberg Law reported on Friday that the planned four-day trial had been taken off the court’s schedule. Greg Varallo, an attorney for the shareholder plaintiffs, confirmed to the outlet that the trial was no longer on the calendar but declined to elaborate.
It is not known why the case was removed from the schedule. There has been no confirmation that the sides have reached a settlement.
The trial had been scheduled for June 8, 9, 10, and 12 before Vice Chancellor J. Travis Laster. The case concerns the 2023 transaction that combined WWE and UFC under TKO Group Holdings, with shareholders alleging WWE was undervalued in the deal.
POST Wrestling reported Friday on the plaintiffs’ pre-trial briefing, which outlined their argument that Vince McMahon steered WWE toward Endeavor and Ari Emanuel while other potential bidders were not given a fair opportunity.
Appearing on Rewind-A-SmackDown, Brandon Thurston of POST Wrestling and Wrestlenomics said the immediate practical takeaway was that the trial appeared unlikely to begin Monday. Thurston said he had been monitoring the docket closely and had not seen a filing indicating that a settlement had been reached.
Thurston added that a late Friday filing might not appear publicly until reviewed by the Clerk’s office. He added that the court’s public information officer did not provide an explanation for the change.
If the case has settled, Thurston said the terms should eventually become known because shareholders would need to be notified of any payment tied to their former WWE shares. He also noted that challenges to sealed or redacted filings could remain possible even if the case itself is resolved.
Vince McMahon, Ari Emanuel, Mark Shapiro, Nick Khan, and Paul Levesque were among the names expected to feature in testimony had the trial proceeded.
