WWE Directors & Officers Under Investigation For Breach Of Fiduciary Duties

Scott + Scott Attorneys at Law LLP, a national securities and consumer rights litigation organization, has announced that it is investigating whether WWE directors and officers have “paid for WWE and its shareholders.” Violation of real duties “and whether the company and its shareholders have suffered potential losses.

The investigation follows a report in the Wall Street Journal that said the WWE board was investigating $3 million silent payment by Vince McMahon to a former employee, along with his There were alleged sexual encounters. The January 2022 settlement barred the former employee from talking about the alleged affair with the 76-year-old and humiliating the WWE chairman.

A press release from Scott + Scott stated, in part: “Scott + Scott is investigating whether WWE’s board of directors or members of senior management are managing WWE in an acceptable way. Failing to do so, in violation of its actual obligations to WWE, and whether WWE and its shareholders have been harmed as a result. “

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WWE shareholders are encouraged to discuss the investigation with one of the law firm’s attorneys.

Regarding the duties of loyalty, the Cornell Law School states: “When one has a faithful duty to another, the person on duty must act in a way that benefits others, in general. Financially. A person on fiduciary duty is called a fiduciary, and the person on whom the duty is due is the principal or beneficiary. Beneficiaries are generally entitled to compensation. “