-

Judge approves WWE’s $39 million settlement with investors over Saudi TV deal

WWE has agreed to settle a class action lawsuit against investors who accused the company of misleading them when it comes to their business with Saudi Arabia and WWE will be paying $39 million to end it.

The $39 million figure is 18.2% of the damages investors were originally seeking. The lawsuit stems from WWE’s television deal in Saudi Arabia, or in this case, lack thereof. A final approval for the settlement in federal court in New York was approved by Judge Jed S. Rakoff according to Bloomberg Law.

Anyone who purchased WWE stock from February 7, 2019 through February 5, 2020 and lost money will be receiving some sort of a compensation. Those who either work with or have close ties to WWE will not get anything.

The biggest winner will the the law firm who spearheaded the case as they will get $7 million in attorney fees and an additional half a million in expenses.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Dynamite preview for 07/29/2026

The fallout from the Redemption pay-per-view and the road to All In starts tonight live on Dynamite from the...

The New Day post a fantastic animation signifying free agency after WWE exit

Kofi Kingston and Xavier Woods posted an animation of two Unicorns breaking from their chains and exiting a circus,...

Raw views for 07/20/2026

The July 20 episode of Raw had 2,400,000 global views on Netflix, matching the same number of the previous...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading