WWE Being Investigated By Former Louisiana Attourney General Over TV Deal
Posted by Jeremy Thomas on 05.16.2014
Checking to see if they violated securities laws...
- Law firm Kahn Swick & Foti, LLC has issued a statement announcing that Charles C. Foti, Jr., a partner at their firm and the former attorney general of Louisiana has launched an investigation into WWE's deal with NBC/Universal. The statement notes that "WWE disclosed that it had reached a multiyear deal with US broadcaster NBCUniversal for its long-running Raw and SmackDown programs, stating that the annual value of its television distribution agreements would reach $200 million, well below what investors were expecting."
KSF is looking at whether WWE or officers and directors violated state or federal securities laws.
The release notes that those who have information that would help in the investigation or would like to discuss their legal rights may -mail or call KSF Managing Partner Lewis Kahn.