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WWE INVESTIGATION UPDATE BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of World Wrestling Entertainment, Inc. - WWE

NEW ORLEANS, Sept. 11, 2020 /PRNewswire/ --A Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF continues to investigate World Wrestling Entertainment, Inc. (NYSE: WWE).A A 
WWE INVESTIGATION UPDATE BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of World Wrestling Entertainment, Inc. - WWE
On February 6, 2020, following a series of prior disappointing disclosures relating to its important, yet deteriorating, strategic relationship with the Kingdom of Saudi Arabia, the Company revealed that it had failed to secure a favorable broadcasting deal with the Saudis and that the Saudi media rights deal would not be included in the Company's financial forecasting.A A Thereafter, the Company and certain of its executives were sued in securities class action lawsuits, charging them with failing to disclose material information during the Class Period, violating federal securities laws. Recently, the court presiding over that case denied the Company's motion to dismiss, allowing the case to move forward.KSF's investigation is focusing on whether WWE's officers and/or directors breached their fiduciary duties to WWE's shareholders or otherwise violated state or federal laws.A 
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