The Deadline For A WWE Class Action Lawsuit Ends

Tuesday (September 23) of this week was the last day for individuals to file as lead plaintiff in the upcoming class action lawsuit that was previously filed against WWE. The lawsuit accuses WWE of securities violations based on promises the organization made with regards to its new TV deal. According to the lawsuit, WWE claimed it would be able to double the value of its US TV license agreement, which it apparently did not when signing a new TV deal with NBC Universal.

The plaintiff is defined as people who purchased WWE stock between the period of October 31, 2013 and May 16, 2014. The court will determine the lead plaintiff.

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