Lead plaintiff filing ends
Eligibility to file as lead plaintiffs in WWE class action lawsuit ends. The suit filed against the company over security violations stems from promises made to shareholders before the company’s television renewal deal with NBC Universal. Attorney Robbins Arroyo comments.
Statements made downplayed the fact that advertisers pay less to reach WWE viewers than traditional sports or other shows on the USA Network and the negative impact on the television license negotiations resulting from the Company’s launch of its WWE Network.
Pursues royalties over video game likeness
Punk’s attorneys send 22 page letter to WWE legal over Punk’s likeness and name being used in the upcoming release, WWE 2K15.
Class-action lawsuit filed
Levi & Korsinsky law firm launches class-action lawsuit on WWE over securities fraud stemming from the company’s latest NBC Universal television deal. The complaint alleges that throughout the Class Period defendants violated securities laws by failing to disclose the Company’s true ability to command a premium fee in upcoming negotiations to renew its television license agreement.