Pension Fund Fights WWE's Bid To Nix Stock-Drop Suit

Law360 (July 15, 2020, 3:27 PM EDT) -- World Wrestling Entertainment Inc.'s request to nix a stock-drop suit should be denied, shareholders told a New York federal judge Tuesday, alleging the wrestling giant's defense against claims it hid souring relations with Saudi Arabia is "scattershot."

In its June 29 motion to dismiss, WWE argued the consolidated lawsuit was an "impermissible fraud by hindsight case."

But in its opposition to the motion filed Tuesday, lead plaintiff Firefighters Pension System of the City of Kansas City Missouri Trust asked U.S. District Judge Jed S. Rakoff to deny the request to toss the suit.

"Defendants' motion is a scattershot effort to offer...

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