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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)


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