WWE Loses Tens Of Millions Of Dollars In Lawsuit Settlement

WWE Loses Tens Of Millions Of Dollars In Lawsuit Settlement
WWE Loses Tens Of Millions Of Dollars In Lawsuit Settlement


IMG Credit: WWE
Money, money, money. WWE has grown into a wrestling promotion the size of which almost could not be imagined in previous eras. Over a few decades, WWE has grown from a regional promotion in the northeastern United States into the biggest wrestling promotion in history. The company is truly international, but this time around, they are losing a bit of money over an international deal.

According to Bloomberg Law, a $39 million settlement between WWE and a group of investors has been granted final approval. The original lawsuit was filed in November 2020 over WWE’s business relationship with Saudi Arabia. The investors accused WWE of making misleading statements about the relationship, which caused the company’s stock value to drop. WWE did not object to the settlement and admitted no fault.

It was kind of a mess. Check out the deal that set everything off:

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