Bloomberg Law
Dec. 27, 2019, 6:24 PM

WWE Sued for Internal Records on Company’s XFL Ties

Jacob Rund
Jacob Rund

A World Wrestling Entertainment Inc. stockholder is suing for a peek at records that detail the company’s involvement with a football league resurrected by WWE Chairman Vincent McMahon.

The lawsuit, filed Dec. 26 in Delaware Chancery Court by an Oklahoma firefighters pension fund, claims there is “a credible basis to believe” that McMahon and other WWE senior officers breached their duties to investors by diverting valuable resources to the XFL.

The suit also suggests that the company’s board members may have failed to conduct appropriate oversight to ensure McMahon didn’t engage in transactions that conflict with WWE’s interests.

McMahon is ...