Investor Claims In WWE Securities Class Action Suit Survive Dismissal Bid

Mealey's (August 11, 2020, 2:06 PM EDT) -- NEW YORK — A federal judge in New York on Aug. 6 ruled that the lead plaintiff in a securities class action lawsuit against sports entertainment and media giant World Wrestling Entertainment Inc. (WWE) and certain of its current and former senior executives has sufficiently pleaded that the defendants issued material misrepresentations or omissions pertaining to its media contracts in the Middle East and North Africa (MENA) region in violation of federal securities laws (City of Warren Police & Fire Retirement System v. World Wrestling Entertainment Inc., No. 20-2031, S.D. N.Y., 2020 U.S. Dist. LEXIS 140925)....