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New York, January 27, 2023 /PRNewswire/ —
why: Rosen Law Firm, a global investor rights law firm, continues to represent World Wrestling Entertainment, Inc. (NYSE: wwe) for alleging that WWE may have issued materially misleading commercial information to the investing public.
so what: If you have purchased WWE securities, you may be entitled to reimbursement through a contingency fee arrangement without any out-of-pocket fees or costs. Rosen Law Firm is preparing a class action lawsuit seeking to recover investors’ losses.
What to do next: To join the anticipated class action, please visit https://rosenlegal.com/submit-form/?case_id=7052 or call Phillip Kim, the other side. Call Toll Free 866-767-3653 or Email [email protected] or [email protected] Information About Class Actions.
What is it about: exist June 15, 2022, wall street journal Published an article entitled “WWE Board Probes Secret $3 million CEO’s Non-Disclosure Agreement Vince McMahonSources Say “This shows”[t]World Wrestling Entertainment Inc. Board of Directors [] investigating a secret $3 million The Long-Term CEO Solution Vince McMahon agreed to pay a former employee with whom he allegedly had an affair, according to documents and people familiar with the board’s investigation. ’ The article further reveals, “[t]The board’s investigation, which began in April, uncovered other earlier non-disclosure agreements involving allegations of misconduct by former female WWE employees against Mr. McMahon and one of his executives, John LaurinitisWWE’s head of talent relations said. $2.31 per share, or 3.4%, at $64.87 per share at June 16, 2022next full trading day.
exist June 17, 2022prior to trading hours, WWE issued a press release titled “WWE® & Board of Directors Joint Release,” announcing that “a special committee of the Board of Directors is investigating alleged misconduct by its Chairman and CEO Vincent McMahon and John Laurinitis, head of talent relations, and effective immediately, McMahon voluntarily resigns as CEO and chairman of the board until the investigation is concluded. The news sent WWE stock down $2.36 per share, or 3.6%, at $62.51 per share at June 17, 2022.
exist July 22, 2022, Vince McMahon Announced his retirement from WWE.
exist July 25, 2022WWE filed a current report on Form 8-K with the SEC, which declared, among other things, that “[t]Other companies have tentatively identified certain payments Vince McMahon Agreed that during the period 2006 through 2022 (including amounts paid and payable in the future), and not recorded in WWE’s consolidated financial statements, would have been recorded as a fee for the quarter in which these agreements were entered into (“Unrecorded Fees”)[,]” which one”[a]As of the date of this Agreement, the Company has determined that the total unrecorded charges are approximately $14.6 millionThe report further announced, “The Company currently expects to revise its previously issued financial statements to record unrecorded charges for the applicable period ending the year December 31, 20192020 and 2021, and the first quarter of 2022[.]” The final report also declared that “[t]The Company has also received, and may in the future receive, regulatory, investigative and enforcement inquiries, subpoenas or demands arising out of, in connection with or in connection with these matters. “
Why choose the Rosen method: Investors are encouraged to select qualified attorneys with a successful track record in leadership positions. Often, the firm issuing the notice does not have comparable experience, resources, or any meaningful peer recognition. Many of these companies do not actually file securities class actions. Choose your lawyer wisely. Rosen Law Firm represents global investors with a focus on securities class actions and shareholder derivative actions. Rosen Law Firm has reached the largest-ever securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors.In 2019 alone, the company received more than $438 million for investors. 2020 Founding Partner Lawrence Rosen Named a Titan of the Plaintiffs Bar Association by law360. Many lawyers in our firm have been recognized by Lulong Law Firm and Super Law Firm.
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Contact information:
Lawrence Rosen, Esq.
Phillip Kim, the other side.
Rosen Law Firm of Pennsylvania
40th Floor, 275 Madison Avenue
New York City, New York 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
[email protected]
[email protected]
www.rosenlegal.com
SOURCE Rosen Law Firm, Pennsylvania
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