More law firms are looking into bringing class action lawsuits against WWE following the recent Vince McMahon scandal. The number is up to seven now.
Brandon Thurston of WrestleNomics pointed out on Twitter that two more firms (Moore Kuehn, PLLC, and Pomerantz Law Firm) have issued press releases noting that they are investigating WWE for violations of the securities laws on behalf of WWE investors.
The firms are seeking WWE shareholders who have suffered a loss in order for them to participate in a class action lawsuit. They join other firms including Scott+Scott, Rosen Law Firm, Schall Law Firm, Brager Eagel & Squire, and Labaton Sucharow.
They’ve all referred to the report last week by the Wall Street Journal f regarding Vince McMahon being investigated by WWE’s board for making a $3 million settlement to a former employee over an alleged sexual relationship. WWE’s board is also looking into the misconduct allegations against McMahon and John Laurinaitis.
Laurinaitis has been placed on administrative leave. McMahon is still in charge of creative while stepping down temporarily as CEO and Chairman.
