WWE Announces The Settlement Of Eight Lawsuits.

WWE Announces The Settlement Of Eight Lawsuits.
WWE has announced that they have settled eight lawsuits.
On Monday, WWE filed an SEC form announcing the settlements.
These lawsuits were based around WWE’s failure to disclose insider information, including in their negotiations for their TV deal, in Saudi Arabia.
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“On August 16, 2021, World Wrestling Entertainment, Inc.
(the “Company”) reached an agreement in principle and signed a term sheet to settle the previously disclosed shareholder derivative actions titled (i) Merholz et al.
v.
McMahon et al., No.
3:20 -cv-00557-VAB; (ii) Kooi v.
McMahon et al., No.
3:20 -cv-00743-VAB; (iii) Nordstrom v.
McMahon et al., No.
3:20 -cv-00904-VAB; (iv) Merholz/Jimenez v.
McMahon et al., No.
3:21 -cv-00789-VAB; (v) Rezendes v.
McMahon et al., No.
3:21 -cv-00793-VAB; and (vi) City of Pontiac Police and Fire Retirement System v.