The number of law firms investigating WWE continues to increase as another firm, Bronstein, Gewirtz, & Grossman LLC, is considering bringing a class-action lawsuit against WWE following the recent Vince McMahon scandal.
Several law firms announced they were looking into potentially filing lawsuits against Vince McMahon when the hush money scandal first broke last summer.
Bronstein, Gewirtz, & Grossman announced today that they are investigating WWE for “violations of the securities laws” on behalf of WWE investors.
The investigation is focused on “whether WWE and/or the company’s officers and directors violated the securities laws or breached their fiduciary duties in connection with the above alleged misconduct.”
As previously noted, Detroit’s Police and Fire Retirement System filed a lawsuit against McMahon after being voted back on to the WWE Board of Directors to become the Board’s Executive Chairman last month. Their lawsuit is to block McMahon from regaining control and selling WWE.
Also, Scott A. Fellows, a WWE shareholder, filed a lawsuit against McMahon in Delaware’s Chancery Court in January because he believes McMahon illegally installed himself as chairman.
Another press release from a law firm looking to rally shareholders. The firm, Bronstein, Gewirtz & Grossman, says they're investigating whether WWE violated securities laws.https://t.co/kSICeaSimJ
— Brandon Thurston (@BrandonThurston) February 1, 2023
