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Unite with Fellow Investors
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Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
WWE.US
id: 186, Created by Stan Vick Chase, Scout
World Wrestling Entertainment Inc
What do I get by joining?
- You will get case updates and receive a payout in case of success
- If you would like to actively participate, you will be connected to the attorney
- No, you do not pay anything out of your pocket neither to us nor to attorney
On July 25, 2022, WWE filed the SEC report which announced that “the Company has made a preliminary determination that certain payments that Vince McMahon (CEO) agreed to make during the period from 2006 through 2022, and that were not recorded in the WWE consolidated financial statements, should have been recorded as expenses in the quarters in which those agreements were made”. The Company has identified Unrecorded Expenses totaling approximately $14.6 million.”
Earlier on July 22, 2022, CEO Vince McMahon announced his retirement from WWE.
On this news, WWE’s stock price jumped by 8.44%, or $ 174 million of market capitalization, which can be identified as lost profits to shareholders in the past.
Alleged Offence
Mismanagement,
Financial Misrepresentation,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
25 July 2022