-

Scheduled WWE shareholder lawsuit taken off calendar, reason still unknown

Bloomberg Law is reporting that the upcoming WWE shareholders lawsuit has been taken off the schedule. It was set to start on Monday, June 8.

An attorney for the shareholders, Greg Varallo of Bernstein Litowitz Berger & Grossmann LLP, said late Friday afternoon that the trial was no longer on the Delaware Chancery Court’s calendar and declined to elaborate when asked for a reason.

Vince McMahon, Nick Khan, Paul “Triple H” Levesque, Stephanie McMahon, Ari Emanuel, and others were all scheduled to testify in the case.

The lawsuit was seeking hundreds of millions in dollars in damages after shareholders accused WWE of discarding other potential bidders in favor of a deal with Endeavor which led to the creation of TKO.

The suit claims that McMahon only chose Endeavor and his friend Ari Emanuel because he knew that he could keep control over WWE after he sold, something that wasn’t the case with other bidders.

It could be that TKO found an out-of-court settlement with shareholders just days before the trial.


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

Dwayne “The Rock” Johnson reportedly turns down invite to UFC Freedom 250 at The White House

TKO board member Dwayne "The Rock" Johnson will not be attending the UFC Freedom 250 event at the White...

Chad Gable returns on Smackdown

Chad Gable made his first WWE appearance under his name in a very long time last night on Smackdown...

Clearwater Police Department closes investigation into the death of Hulk Hogan, report released

The Clearwater Police Department in Florida has closed the investigation into the death of Hulk Hogan and released its...

Discover more from Wrestling-Online.com

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

Continue reading