WWE-XFL Lawsuit Update


Bloomberg Law is reporting that the Oklahoma Firefighters Pension & Retirement System filed a lawsuit against WWE, in regards to the company focusing resources on Vince McMahon’s Alpha Entertainment LLC, the parent company of the forthcoming XFL. The suit alleges that Vince McMahon & other senior officials have been not keeping up with their duties to WWE.

As reported earlier in Forbes, stockholders allege that Vince McMahon “engages in transactions that are in conflict with WWE’s interests.” The suit intends to investigate the pricing on various rights and IP in relation to the resurrection of the formerly-defunct league.

The XFL is set to relaunch in February of 2020.