World Wrestling Entertainment Inc. and investors who say it misled them about problems with its business ties to Saudi Arabia secured final approval for their $39 million settlement in federal court in New York.
The cash deal represents about 18.2% of estimated classwide damages, the investors told the U.S. District Court for the Southern District of New York when they sought preliminary approval last year. Judge Jed S. Rakoff gave his final sign off to the settlement in an order docketed Thursday.
The professional wrestling group’s investors in 2020 accused WWE of misleading them about the status of media rights ...
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