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Nordstrom v. McMahon et al
Case Number:
3:20-cv-00904
Court:
Nature of Suit:
Multi Party Litigation:
Derivative Litigation
Judge:
Firms
Companies
Sectors & Industries:
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November 09, 2020
Judge Tosses 3 WWE Saudi Arabia Derivative Suits
A Connecticut federal judge threw out three shareholder derivative suits Friday that claimed World Wrestling Entertainment lied about business dealings in Saudi Arabia, causing its stock price to drop when tensions with the Middle Eastern country came to light.
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September 21, 2020
WWE Says Derivative Suit Should Stay In Federal Court
World Wrestling Entertainment Inc. executives urged a Connecticut federal judge Friday not to remand back to state court a shareholder derivative lawsuit alleging it lied about business dealings with Saudi Arabia, telling the judge the suit raises matters of federal law and is closely related to other suits in that court.