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New York, July 9, 2022 /PRNewswire/—— why: Rosen Law Firm, a global investor rights law firm, on behalf of shareholders of World Wrestling Entertainment, Inc. (NYSE: WWE), continues to investigate potential securities claims over allegations that WWE may have released materially misleading information to the investing public business information.
so what: If you purchased WWE securities, you may be entitled to compensation through a contingency fee arrangement without any out-of-pocket charges or costs. Rosen Law Firm is preparing to file a class-action lawsuit seeking to recover investor losses.
What to do next: To join the anticipated class action, please visit https://rosenlegal.com/submit-form/?case_id=7052 or call Philip King, Esq. Toll Free 866-767-3653 or email pkim@rosenlegal.com or case@rosenlegal.com Information on class action lawsuits.
What is this about: superior June 15, 2022, Wall Street Journal Published an article titled “WWE Board Probes Secret” $3 million CEO’s hush deal Vince McMahonthe source said “this shows that”[t]He is a board member of World Wrestling Entertainment Inc. [] investigating a secret $3 million Settlement of longtime CEO Vince McMahon He agreed to pay a former employee who allegedly had an affair with him, according to documents and people familiar with the board’s investigation. “The article further revealed that, among other things,”[t]The board’s investigation, which began in April, uncovered other earlier nondisclosure agreements involving former WWE female employees alleging misconduct by Mr. McMahon and one of his senior executives, John Laurie Naitis, WWE’s head of talent relations, said a source familiar with the matter. “
WWE stock falls on news $2.31 per share, or 3.4%, to close at $64.87 per share June 16, 2022the next full trading day.
superior June 17, 2022Ahead of trading time, WWE issued a press release titled “Joint WWE® and Board Press Release” announcing that “a special committee of the Board of Directors is conducting an investigation into the misconduct of its Chairman and Chief Executive Officer. Vincent McMahon and John Laurie Naitis, head of talent relations, and effective immediately, McMahon has voluntarily resigned from his roles as chief executive and chairman of the board until the investigation is concluded. “
WWE stock falls on news $2.36 per share, or 3.6%, to close at $62.51 per share June 17, 2022.
Why choose the Rosen method: Investors are encouraged to choose qualified attorneys with a successful track record in leadership positions. Often, companies issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these companies are not actually filing securities class actions. Choose a lawyer wisely. Rosen Law Firm represents investors worldwide with a focus on securities class actions and shareholder derivative actions. Rosen Law Firm reached the largest-ever securities class action settlement against a Chinese company. Rosen Law Firm was ranked number one in securities class action settlements by ISS Securities Class Action Services in 2017. The firm has been in the top four every year since 2013, recovering hundreds of millions of dollars for investors.In 2019 alone, the company received $438 million for investors. 2020 Founding Partner Lawrence Rosen Named a giant by law360 as a plaintiff’s attorney. Many of our lawyers are accredited by Lawdragon and Super Lawyers.
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Contact information:
Lawrence Rosen, Esq.
Philip King, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th floor
New York, NY 10016
Phone: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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