{"id":122428,"date":"2021-07-06T20:55:38","date_gmt":"2021-07-07T01:55:38","guid":{"rendered":"https:\/\/www.pwtorch.com\/site\/?p=122428"},"modified":"2021-07-06T20:55:38","modified_gmt":"2021-07-07T01:55:38","slug":"39-million-settlement-between-wwe-and-investors-gets-approved","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2021\/07\/06\/39-million-settlement-between-wwe-and-investors-gets-approved\/","title":{"rendered":"$39 million settlement between WWE and investors gets approved"},"content":{"rendered":"<div id=\"pwtor-3308790660\" class=\"pwtor-before-content pwtor-entity-placement\"><hr \/><b>SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)... <\/b>\r\n\r\n<iframe src=\"https:\/\/widget.spreaker.com\/player?show_id=3076978&theme=light&playlist=false&playlist-continuous=false&autoplay=false&live-autoplay=false&chapters-image=true&episode_image_position=right&hide-logo=false&hide-likes=false&hide-comments=false&hide-sharing=false&hide-download=true\" width=\"100%\" height=\"140px\" frameborder=\"0\"><\/iframe>\r\n<hr \/><\/div><p>The final approval on a $39 million settlement between WWE and investors has been secured.<\/p>\n<p><a href=\"https:\/\/www.wrestlinginc.com\/news\/2021\/07\/wwe-and-investors-secure-approval-for-39-million-lawsuit\/\">Wrestling Inc.<\/a> and <a href=\"https:\/\/news.bloomberglaw.com\/securities-law\/wwe-investors-win-final-court-approval-for-39-million-deal\">Bloomberg Law<\/a> report that the settlement, finalized late in 2020, was approved in a federal New York court last week.\u00a0The settlement stems from a class action lawsuit filed against WWE, accusing them of misleading investors as to the health of the business in Saudi Arabia &#8212; mainly the television media deal.<\/p>\n<p>According to Bloomberg Law, &#8220;the settlement class consists of everyone who acquired WWE common stock from Feb. 7, 2019, through Feb. 5, 2020, and lost money as a result, with exceptions for those with other close ties to the company, Rakoff\u2019s order said. There weren\u2019t any objections to the settlement.&#8221;<\/p>\n<p>WWE did not admit any fault and there were not any objections to the settlement.<\/p>\n<hr \/>\n<p><strong>CATCH-UP:<\/strong> <a href=\"https:\/\/www.pwtorch.com\/site\/2021\/07\/06\/jimmy-uso-arrested-for-dui-in-florida\/\">Jimmy Uso arrested for DUI in Florida<\/a><\/p>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-2425523149\"><div id=\"pwtor-3797209112\"><div align=\"center\" data-freestar-ad=\"__336x280\" id=\"pwtorchcom_medrec_3\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_medrec_3\", slotId: \"pwtorchcom_medrec_3\" });\r\n  <\/script>\r\n<\/div>\r\n\r\nTHANK YOU FOR VISITING<\/div><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>The final approval on a $39 million settlement between WWE and investors has been secured. Wrestling Inc. and Bloomberg Law report that the settlement, finalized late in 2020, was approved in a federal New York <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2021\/07\/06\/39-million-settlement-between-wwe-and-investors-gets-approved\/\" title=\"$39 million settlement between WWE and investors gets approved\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":14,"featured_media":76837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,3],"tags":[71],"class_list":["post-122428","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-prowrestlingnews","category-news_wwe","tag-wwe"],"jetpack_featured_media_url":"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2019\/03\/WWEheadquarters-TitanTower_3x2_600.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/122428","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/comments?post=122428"}],"version-history":[{"count":1,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/122428\/revisions"}],"predecessor-version":[{"id":122431,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/122428\/revisions\/122431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/76837"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=122428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=122428"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=122428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}