INVESTIGATION ALERT: Kaskela Law LLC Announces Shareholder Investigation of World Wrestling Entertainment Inc. (WWE) Following Vince McMahon’s Retirement and Encourages Long-Term WWE Investors to Contact the Firm

Jul 29th, 2022 16:05 EST

PHILADELPHIA, July 29, 2022 /PRNewswire/ — Kaskela Law LLC announces a stockholder investigation on behalf of World Wrestling Entertainment Inc. (“WWE” or the “Company”) (NYSE: WWE) investors. 

On June 15, 2022, The Wall Street Journal reported that WWE’s Board of Directors was investigating “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.” On July 8, 2022, The Wall Street Journal further reported that McMahon had “agreed to pay more than $12 million over the past 16 years to suppress allegations of sexual misconduct and infidelity, an amount far larger than previously known.”

Subsequently, on July 22, 2022, WWE disclosed that McMahon had “retired” as the Company’s Chairman and CEO. Then, on July 25, 2022, WWE disclosed that it would restate its financial statements to account for $14.6 million in “unrecorded expenses” for payments that Mr. McMahon agreed to make between 2006 – 2022.

The stockholder investigation seeks to determine whether WWE and/or the company’s officers and directors violated the securities laws or breached their fiduciary duties in connection with the above alleged misconduct.

WWE investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]) or online at https://kaskelalaw.com/cases/wwe/ , for additional information about this investigation and their legal rights and options. 

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation, and has helped recover over $100 million on behalf of victimized investors. For additional information about the firm please visit www.kaskelalaw.com

CONTACT:
KASKELA LAW LLC 

D. Seamus Kaskela, Esq.[email protected]Adrienne Bell, Esq.[email protected]18 Campus Blvd., Suite 100Newtown Square, PA 19073(888) 715 – 1740(484) 229 – 0750www.kaskelalaw.com

This notice may constitute attorney advertising in certain jurisdictions.

SOURCE Kaskela Law LLC

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