WWE News

Second Law Firm Now Investigating WWE

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With WWE engulfed in scandal with the company’s Board of Directors investigating Vince McMahon, it has emerged a second law firm is investigating the company.

The Wall Street Journal reported on June 15th that WWE’s Board has been investigating claims in April that McMahon had made the seven-figure payment to the former employee who was hired by the company as a paralegal in 2019. The company has stressed that the alleged relationship between McMahon and the unnamed employee was consensual and that McMahon is co-operating with the investigation.

The Journal’s report continues to say that the board’s investigation has also unearthed older non-disclosure agreements that surround claims of misconduct made by other former female WWE employees that involve both Vince McMahon and WWE’s Head of Talent Relations, John Laurinaitis.

The report went on to say that New York-based law firm Simpson Thacher & Bartlett LLP had been retained by WWE’s Board to conduct the investigation but now it appears a second law firm has launched an investigation into the company.

Business Wire reported:

“The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of World Wrestling Entertainment, Inc.”

The report continues by saying the firm is investigating “whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors” in relation to the article published by the Wall Street Journal and the claims made against McMahon.

The Schall Law Firm is actively seeking WWE investors who have suffered losses of $100,000 to contact them in relation to their investigation.