• Home
  • WWE
  • Uncategorized
    • Wrestling Express Hall of Fame >
      • Territory Era
      • Legacy
      • Tag Teams
      • Owners Choice
      • Modern Era
      • Stables
      • Television Era
      • Manager
  • Rebuilding
  • Home
  • WWE
  • Uncategorized
    • Wrestling Express Hall of Fame >
      • Territory Era
      • Legacy
      • Tag Teams
      • Owners Choice
      • Modern Era
      • Stables
      • Television Era
      • Manager
  • Rebuilding
WRESTLING EXPRESS
  • Home
  • WWE
  • Uncategorized
    • Wrestling Express Hall of Fame >
      • Territory Era
      • Legacy
      • Tag Teams
      • Owners Choice
      • Modern Era
      • Stables
      • Television Era
      • Manager
  • Rebuilding

    Author

    Sharing my thoughts, opinion, and historical facts on everything WWE both past and present

    Archives

    February 2024
    January 2024
    December 2023
    November 2023
    April 2023
    January 2023
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016

    Categories

    All

    RSS Feed

Back to Blog

Another Investigation

6/19/2022

 
Before we get into this article I would like to explain what the term fiduciary duty means in terms of the upcoming article. The term fiduciary duty simply means trust and is something that a company has a legal obligation to maintain to their shareholders. For example, a case could be made that high ranking officials within a company have the fiduciary duty to disclose certain information to shareholders even if it could affect the company negatively. This week has been rough for WWE, the day after the announcement that Vince had paid off a former employee it was announced that another investigation had been launched by nationally known law firm Scott+Scott Attorneys at Law specializing in cases involving consumer rights and securities litigation. 

Once I saw this I had assumed I knew what it was about and according to the reports from both business wire and fightful.com I might've been right. Follow the provided links for the full stories!
"NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, is investigating whether certain directors and officers of World Wrestling Entertainment, Inc. (“WWE”) (NYSE: WWE) breached their fiduciary duties to WWE and its shareholders. If you are a WWE shareholder, you are encouraged to contact attorney Joe Pettigrew for additional information at (844) 818-6982, or [email protected]."

"Scott+Scott is investigating whether members of WWE’s board of directors or senior management failed to manage WWE in an acceptable manner, in breach of their fiduciary duties to WWE, and whether WWE and its shareholders have suffered damages as a result."
(from Business Wire)

"On Wednesday, the Wall Street Journal published a report saying the WWE board of directors is investigating McMahon on a secret $3 million hush pact regarding an alleged affair. (From Fightful.com) 

Once I heard about the investigation I had a feeling that I knew the reason Scott+Scott took it upon themselves to launch an investigation, because once you read that the Board of Directors had privately launched an investigation two months ago you knew. The fact that this privately known information for two months time without the public or more importantly without shareholders likely being looped in is borderline a violation of fiduciary duties in my opinion. "Scott+Scott has significant experience in prosecuting major securities, antitrust, and consumer rights actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, and Ohio." (From Business Wire) 

Note:
Again I don't classify Wrestling Express as a news reporting website which is why I normally don't jump on stories when they are first reported. I classify this site as an opinion based website mostly due to my unwillingness to comment on big stories until everything or more information made aware to us on some stories like this one for example. 


0 Comments
Read More



Leave a Reply.

About Wrestling Express

 
​About Us

​Contact Us

​Join Our Team

 


 
 



Stay Connected with Wrestling Express


On Twitter

On Facebook

On Google Plus