WWE Facing Class Action Lawsuit Over Stock Value
That’s never a good thing. Whether you like them or not, WWE is the biggest and most financially successful wrestling company the industry has ever seen. They can do almost anything they want because of the amount of money that they have, but that does not make them invincible. Occasionally they will have some setbacks, and one of them might come from an important group of people.
WWE’s stock has taken some major hits over the last few weeks and the general state of the stock market has made things even worse. The company has lost a ton of money in recent weeks and there is no indication that they are going to be able to turn it around in a hurry. Some people are not happy with the situation and as is so often the case, that means legal action.
According to Businesswire.com, the California law firm of Robbins, Geller, Rudman and Dowd LLP have filed a class action lawsuit against WWE on behalf of stockholders who purchased stock from February 7, 2019 – February 5, 2020. The basis of t..