WWE, Investors Seek First Court OK of $39 Million Settlement

Dec. 24, 2020, 4:39 PM

World Wrestling Entertainment Inc. and its investors reached a $39 million deal to end a suit alleging the group made misleading statements about problems with its Saudi Arabia business, they told a federal judge in New York.

The cash settlement follows the production of more than 1.1 million pages of documents in discovery and interviews with 71 people with relevant knowledge, the investors said in a memo accompanying their preliminary settlement approval motion in the U.S. District Court for the Southern District of New York.

The professional wrestling group’s investors in March accused WWE of misleading them about the status ...

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