| As WWE and McMahon Are Sued on Middle
East and Saudi Deals Stock Sales Eyed in
SDNY
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY COURTHOUSE,
July 30 – Vince McMahon and
the WWE have been sued in the
U.S. District Court for the
Southern District of New York.
On July 30 SDNY Judge Jed S.
Rakoff held oral argument.
Inner City Press
tweeted it: The complaint says
WWE "faced blowback for
willingness to work with the
Saudis, given the human rights
abuses." Lawyer now cites
"crown jewel" event, with cut
feed and hostage
situation.
This WWE case has
a proposed Confidential
Witness. "CW-1 was not at
NBC... They had a deal with
the Saudi sports
authority."
Defense: In
Lockheed, your Honor was
presented with confidential
witnesses with real
info.
Judge Rakoff:
CW-1 was involved in a later
stage, and concluded that the
parties were 'worlds apart.'
Plaintiffs' counsel infers
they weren't close months
earlier.
Plaintiffs'
lawyer: "CW-2 is a former
wrestler who will testify
about the disagreement between
McMahon & the Saudi Crown
Prince."
Oral argument
zeroed in on WWE's (non)
disclosure of the early
cancellation of media deals in
20 countries the Middle East.
Large stock sale
by McMahon just before the end
of a financial quarter is also
cited.
The cases are
Szaniawski v. World Wrestling
Entertainment, Inc. et al.,
20-cv-2223 (Rakoff) and City
of Warren Police and Fire
Retirement System v. World
Wrestling Entertainment, Inc.
et al., 20-cv-2031 (Rakoff)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2020 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com for
|
,
