Another Law Firm Jumps Into WWE’s Legal Nightmare

WWE has been feeling the heat ever since the first allegations in the Vince McMahon hush-money scandal broke. Since then, things have only become worse. On Friday, a bombshell report in the Wall Street Journal exposed several situations where the WWE boss paid several additional employees to keep quiet about romantic relationships.

After the first round of news broke, several law firms jumped into the fray. Hoping to capitalize on what they expected to be a sinking share price for WWE stock, they began searching for investors to take part in class-action lawsuits against the company. After things cooled down for bit, another legal group is now exploring their options.

Philadelphia’s Kaskela Law, LLC. has announced that they are launching an investigation of WWE on behalf of investors. The firm is seeking investors who lost money after the news broke. The idea is to try and determine whether WWE or the company’s officers and directors violated securities laws or breached their fiduciary duties in not disclosing the scandal.

Vince McMahon stepped down as WWE CEO after the initial story broke. Since then, McMahon has remained in control of WWE’s creative, just as before. Many don’t believe anything will happen and that McMahon will remain atop the company despite the allegations.

McMahon had multiple women sign non-disclosure agreements to keep his behavior secret. He paid out over $12 million over the past 16 years to suppress allegations of infidelity and sexual misconduct. Now, law firms around the country are trying to get their foot in the door.

Kaskela Law LLC encourages any long-term investors in WWE to contact their offices to tell their story. They have had a successful history of litigating securities fraud, corporate governance, and merger and acquisition litigation. As one of at least nine firms currently investigating WWE, Vince McMahon will be keeping a closer eye than usual on the stock ticker.

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