WWE recently announced that Chairman and CEO Vincent McMahon was stepping down from his duties as CEO and Chairman of the Board. It came during an investigation into claims that he paid $3 million to a departing employee with whom he allegedly had an affair. A former Louisiana Attorney General’s law firm has now announced an investigation into WWE.
Charles C. Foti, Jr., Esq., a former attorney general of Louisiana and a partner at Kahn Swick & Foti, LLC (“KSF”), recently announced that KSF has launched an investigation into World Wrestling Entertainment, Inc. The board had also discovered numerous, older nondisclosure agreements with former WWE employees that involved the same claims since the investigation started in April. In a public address about the matter, they made things very clear.
WORLD WRESTLING ENTERTAINMENT INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of World Wrestling Entertainment, Inc. – WWE
June 24, 2022 10:50 PM Eastern Daylight Time
KSF’s inquiry is centered on determining if WWE’s officers and/or directors violated state or federal laws or their fiduciary obligations to the company’s shareholders. You can contact KSF Managing Partner Lewis Kahn via email at firstname.lastname@example.org, by calling toll-free 1-877-515-1850, or by visiting https://www.ksfcounsel.com/cases/nyse-wwe/ if you have information that would help KSF in its investigation or if you have held WWE shares for a long time and would like to discuss your legal rights.
One of the top boutique securities litigation law firms in the US is KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr. In an effort to recover investment losses brought on by corporate fraud and wrongdoing by publicly traded firms, KSF works with a wide range of clients, including public institutional investors, hedge funds, money managers, and retail investors. KSF has offices in Louisiana, New Jersey, California, and New York. To get the latest updates, stay tuned to Ringside News.
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