WWE Accused Of ‘Fraudulent Scheme’ In Class Action Lawsuits Questioning Ties To Saudi Arabia

WWE Accused Of ‘Fraudulent Scheme’ In Class Action Lawsuits Questioning Ties To Saudi Arabia

Levi & Kosinsky named several formal complaints alleging WWE "deceived the investing public" in numerous aspects of reporting.. "A class action has commenced on behalf of certain shareholders in World Wrestling Entertainment, Inc.. "On April 25, 2019, WWE reported that for first quarter 2019, revenue declined year-over-year, notably in the live events and consumer products segments.. "The complaint alleges that World Wrestling Entertainment, Inc. violated federal securities laws by issuing materially false and/or misleading information and/or failing to disclose material information.". I've been a pro wrestling columnist and video blogger for a leading national sports website since 2010.. I graduated from the University of California, Santa Barbara with a major in business economics, an emphasis in accounting and a minor in sports management..