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3 More Law Firms Investigating WWE

The investigations are starting to add up for WWE

Three more law firms have announced they are investigating WWE.

Labaton Sucharow, a shareholder rights law firm, announced they are "investigating potential violations of the federal securities laws" by WWE following a Wall Street Journal report that revealed WWE's board are looking into a $3 million settlement Vince McMahon came to with a former employee he had an alleged sexual relationship with. 

The press release from Labaton Sucharow referred to WWE stock trading down by close to three percent in intraday trading on June 16. It then noted that WWE shares fell almost four percent in intraday trading on June 17 following the announcement that a Special Committee of the WWE Board was investigating misconduct allegations against Vince McMahon and John Laurinaitis.

Any WWE shareholders who suffered a loss have been asked to reach out to the firm should they wish to participate in the investigation.

Furthermore, Bragar, Eagel & Squire, P.C. announced they are also investigating if WWE have "violated the federal securities laws and/or engaged in other unlawful business practices", as are Rosen Law Firm.

Two other law firms are already investigating WWE to see if the organisation breached their fiduciary duties or violated any securities laws. 

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Aidan Gibbons

Written by Aidan Gibbons

Journalist/Editor-in-Chief of Cultaholic.com Twitter: @theaidangibbons