Home / WWE / Vince McMahon, Stephanie McMahon, and Triple H facing lawsuit from WWE shareholders

Vince McMahon, Stephanie McMahon, and Triple H facing lawsuit from WWE shareholders

 

Vince McMahon, Stephanie McMahon & Triple H

On April 24, WWE shareholders Melvyn Klein and Ryan Merholz filed a lawsuit against WWE and some top executives. The lawsuit alleges that WWE’s top executives did not act in the best interest of the shareholders. You can see the 44-page filing which was uploaded by Heel By Nature here.

The lawsuit listed Vince McMahon, Paul Levesque, Stephanie McMahon, George Barrios, Frank Riddick III, Alan Wexler, Robyn Peterson, Laureen Ong, Jeffery Speed, Stuart Goldfarb, and Man Jit Singh.

According to the lawsuit, the shareholders believe that WWE wasted corporate assets, misled the investing public, failed to disclose adverse facts, made false statements, permitted senior executives to sell more than $282 million worth of their personally held shares of Company stock at inflated prices, and much more.

The lawsuit also mentions that top executives of WWE sold stock before info on issues and delayed deals with with Saudi Arabia were released to the public. The government of Saudi Arabia had an outstanding payment that was due to WWE in the range of $60 – $500 million.

Check Also

New WWE NXT Character Scrypts Inspired By Real-Life WWE Performance Center Stalker

On the November 22nd 2022 edition of WWE NXT we got to see former 24/7 …

Ricky The Dragon Steamboat - Wrestling Examiner

Ricky Steamboat On Making His In-Ring Return With FTR

Ricky The Dragon Steamboat recently had an interview with Wrestling Inc where he talked about …

Powered by themekiller.com watchanimeonline.co