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City of Warren Police and Fire Retirement System v. World Wrestling Entertainment, Inc. et al

  1. March 09, 2021

    WWE's $39M Deal In Investor Suit Gets Judge's Initial OK

    A New York federal judge has preliminarily approved a $39 million deal to end a proposed securities class action against World Wrestling Entertainment Inc. that alleges the company misled investors about its dissolving relationship with Saudi Arabia and caused its stock price to plunge.

  2. October 07, 2020

    WWE Investors Seek Class Cert. In Suit Over Saudi Deal

    Investors of World Wrestling Entertainment Inc. urged a New York federal judge Tuesday to certify them as a class in their suit alleging the company misled them about its dissolving relationship with Saudi Arabia, which caused its stock price to plunge.

  3. August 13, 2020

    WWE Swaps K&L Gates For Paul Weiss In Stock-Drop Suit

    World Wrestling Entertainment Inc. changed its counsel Thursday from K&L Gates to Paul Weiss Rifkind Wharton & Garrison LLP in its fight against a proposed investor class action alleging the company misled them about its souring relationship with Saudi Arabia and caused the stock price to plummet.

  4. August 07, 2020

    WWE Can't Dodge Stock-Drop Suit Over Saudi Relationship

    World Wrestling Entertainment Inc. can't avoid a proposed investor class action, because investors have been persuasive in alleging that the company misled them about its souring relationship with Saudi Arabia, a New York federal judge has ruled.

  5. July 31, 2020

    WWE Tries To Pin Shareholders' Stock-Drop Suit

    World Wrestling Entertainment Inc. again pressed a New York federal judge Thursday during oral arguments to toss a proposed stockholder class action alleging the WWE inflated its stock price by hiding that its business relationship with Saudi Arabia was falling apart.

  6. July 15, 2020

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

    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."

  7. June 29, 2020

    WWE Looks To Drop 'Fraud By Hindsight' Stock-Drop Suit

    World Wrestling Entertainment Inc. asked a New York federal judge on Friday to toss a proposed stockholder class action that claims the WWE inflated its stock price by hiding that a deal with Saudi Arabia was falling apart, calling the suit an "impermissible fraud-by-hindsight case."

  8. May 26, 2020

    ​​​​​​​Labaton Sucharow Takes Lead In WWE Stock-Drop Suit

    A New York federal judge on Friday named Labaton Sucharow LLP lead counsel in a consolidated proposed stockholder class action that alleges World Wrestling Entertainment Inc. hid souring relations with Saudi Arabia from investors, causing the stock price to drop when the facts came to light.

  9. May 06, 2020

    ​​​​​​​6 Firms Vie For Lead Counsel In WWE Stock-Drop Suits

    Six law firms are vying for lead counsel appointment in two stockholder lawsuits against World Wrestling Entertainment Inc., in which investors allege they lost money while the company hid souring relations with Saudi Arabia amid plans to host events there.

  10. March 06, 2020

    Pension Fund Says WWE Hid Souring Saudi Relations

    A Michigan pension fund sued World Wrestling Entertainment Inc. on Friday claiming executives hid the details of a crumbling deal with Saudi Arabia to inflate stock prices, selling millions of shares to rake in more than $282 million before the news came out.

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