Dana Brooke missed WWE Raw due to a car accident, as seen in a tweet below.
Much ❤️ to the #wweuniverse for the support & love, standing up for me! The reason why I was not on RAW last night was bc I got into a bad car accident the past week, I am doing good & will be back in no time! I really appreciate the love & couldn’t ask for better Fan support ❤️
— Dana Brooke WWE (@DanaBrookeWWE) June 28, 2022
Vince McMahon was entailed in a controversial matter. The Wall Street Journal recently unveiled that WWE is investigating a secret $3 million settlement paid to a former employee of Mr. McMahon. The probe has also scooped several claims of misconduct from former employees toward The Chairman and top executive John Laurinaitis. It is not known which member leaked the story. There are twelve people on the board. It has come to light that yet another law firm is investigating WWE over the matter. At least eight law firms are now investigating the company.
The firm issued a statement regarding the investigation
Kahn Swick & Foti, LLC issued the following press release on Friday to announce that they are now looking into the allegations:
“WORLD WRESTLING ENTERTAINMENT INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of World Wrestling Entertainment, Inc. – WWE
June 24, 2022 10:50 PM Eastern Daylight TimeNEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into World Wrestling Entertainment, Inc. (“WWE”) (NYSE: WWE).
On June 17, 2022, the Company disclosed that Chairman and CEO Vincent McMahon was stepping back from his responsibilities as CEO and Chairman of the Board pending an investigation into allegations reported by media sources that he paid $3 million to a departing employee with whom he allegedly had an affair, and that since the investigation began in April, the board had uncovered multiple, older nondisclosure agreements with former WWE employees that involved claims against McMahon and John Laurinaitis, head of talent relations.
KSF’s investigation is focusing on whether WWE’s officers and/or directors breached their fiduciary duties to the Company’s shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of WWE shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-wwe/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit www.ksfcounsel.com.”
Dave Meltzer discussed the source of the leak on the latest Wrestling Observer Radio. Dave was not sure who might have released the information. Vince has also stepped down from his positions of CEO and Chairman. WWE recently confirmed in a press release that Vince McMahon stepped down from the positions of Chairman and CEO. It was recently announced that the former WWE Chief Brand Officer Stephanie McMahon would taking up the duties as the interim WWE CEO And Chairwoman.
