We reported earlier today about a report that WWE is under an investigation in potential violations of securities laws regarding their stock. It didn’t take WWE to release a statement on the report. Here is WWE’s response to the report.
“The claim that Shareholders Foundation is allegedly investigating has absolutely no substance or merit.”
The report earlier today also stated the investigation focuses on possible claims on behalf of purchasers of the securities of the WWE concerning whether a series of statements by the company regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
We will keep you updated on this story when more information becomes available.