The trial for the WWE shareholder lawsuit seems to be in flux.
According to Bloomberg, attorney Greg Varallo, who represents the shareholders, said that the four-day trial that was planned to start this Monday was no longer on the Delaware Chancery Court’s calendar. What specifically led to the case being removed from the court’s schedule isn’t currently known.
The trial was to feature testimony from Vince McMahon, Nick Khan, Paul Levesque, Ari Emanuel, and Mark Shapiro among others involved in the deal.
Shareholders accuse McMahon of not seeking the best deal
In the lawsuit, shareholders allege that the process to merge WWE and UFC to form TKO under parent company Endeavor was designed by McMahon in order for himself to retain power within WWE. Because of that, shareholders felt that McMahon didn’t seek out the best potential value of a WWE sale.
Last month, defendants were dealt a blow when a judge ruled that McMahon and Khan “acted recklessly” by using the messaging app Signal to discuss information while adjusting their auto-delete settings so messages would delete after a short period of time.
Bryan Rose
Bryan Rose is an editor from California that has been covering professional wrestling for well over a decade. He officially joined F4WOnline as an editor in 2017.
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