Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

WORLD WRESTLING ENTERTAINMENT, LLC (WWE) Class Action Lawsuit (March 2020)

Closed

1:20cv2031 • March 6, 2020

Class Period Start

February 7, 2019

Class Period End

May 5, 2020

PSLRA Deadline

May 5, 2020

Case Allegations

10b5

Statutes of Repose

Feb 7, 2022

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

June 10, 2021

Settlement Fund

$39,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired shares of World Wrestling Entertainment, Inc. (“WWE”) publicly traded common stock during the period from February 7, 2019 through February 5, 2020, inclusive

Claim Administrator

Epiq
WWE Securities Litigation c/o Epiq P.O. Box 6389 Portland, OR 97228-6389
+1 800-817-4526
[email protected]

Hearing Date

June 15, 2021

Opt-out Deadline

May 25, 2021

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jun 30, 2021

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Jun 30, 2021

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Mar 22, 2021

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Mar 7, 2021

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Oct 6, 2020

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Aug 19, 2020

Scheduling Order

Aug 6, 2020

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Jun 26, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jun 8, 2020

First Amended Complaint

A new complaint has been filed on behalf of certain investors in WORLD WRESTLING ENTERTAINMENT, LLC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Jun 3, 2020

Voluntary Dismissal

The plaintiff in this action has chosen not to proceed with the case. Once a case is voluntary dismissed, the courts will usually close the case and no further action will be taken.

May 22, 2020

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

May 12, 2020

Scheduling Order

Apr 2, 2020

Scheduling Order

Mar 12, 2020

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in WORLD WRESTLING ENTERTAINMENT, LLC. The allegations and class definitions are substantively the same.

Mar 6, 2020

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in WORLD WRESTLING ENTERTAINMENT, LLC.

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