Posted on Jul 25, 2022
Federal prosecutors, SEC probing ex-WWE CEO Vince McMahon's hush payments, report says
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Posted 2 y ago
Responses: 2
LTC Eugene Chu ... birds of a feather...
..."McMahon allegedly paid nearly $15 million to women from 2006 through this year to ensure their silence over alleged affairs and misconduct. The WWE said it would reflect the unrecorded expenses in updated reports for 2019, 2020 and 2021, as well as this year's first quarter, when it reports second-quarter earnings.
The company was set to report Aug. 9, but the revisions could delay that, WWE said.
Shares of WWE rose more than 8% to reach a new 52-week high Monday, as investors became more bullish about a potential sale of the wrestling and media company. The stock is up 45% so far this year, outpacing the S&P 500, which is off more than 16% in 2022."...
..."McMahon allegedly paid nearly $15 million to women from 2006 through this year to ensure their silence over alleged affairs and misconduct. The WWE said it would reflect the unrecorded expenses in updated reports for 2019, 2020 and 2021, as well as this year's first quarter, when it reports second-quarter earnings.
The company was set to report Aug. 9, but the revisions could delay that, WWE said.
Shares of WWE rose more than 8% to reach a new 52-week high Monday, as investors became more bullish about a potential sale of the wrestling and media company. The stock is up 45% so far this year, outpacing the S&P 500, which is off more than 16% in 2022."...
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