Skip to Content

World Wrestling Entertainment, Inc.

Company NameWorld Wrestling Entertainment, Inc.
Stock SymbolWWE

On June 15, 2022, the Wall Street Journal reported that an investigation was underway regarding an alleged $3 million settlement that the Company’s Chief Executive Officer, Vince McMahon, agreed to pay to a former employee with whom he allegedly had an affair.

On this news, WWE’s stock fell $2.31, or 3.4%, to close at $64.87 per share on June 16, 2022.

Then, on June 17, 2022, McMahon announced that he had stepped down from his role as chairman and CEO of the Company.

Then, on July 8, 2022, the Wall Street Journal published another article which alleged that McMahon had actually paid $12 million over the past sixteen years to four different female WWE employees to silence their allegations of sexual misconduct.

On this news, WWE’s stock fell $1.31, or 2%, to close at $63.76 per share on July 8, 2022, thereby injuring investors.

Then, on July 25, 2022, WWE disclosed that during its investigation into McMahon, it had uncovered about $14.6 million in unrecorded expenses dating back to 2006. The Company expects to restate its financial statements back to 2019.

Submit Your Information

If you suffered a loss on your World Wrestling Entertainment, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.

Shares Purchased

Number of SharesBuy DatePrice Per ShareAdd

Shares Sold

Number of SharesSell DatePrice Per ShareAdd