WWE recently commented on an ongoing lawsuit against the company during the quarterly filing with the SEC.
The company is currently being sued by Major League Wrestling/MLW, and information from the filing gives the latest on the case.
“On January 11, 2022, a complaint was filed against the Company by MLW Media LLC (‘MLW’) alleging that the Company supposedly interfered with MLW’s contractual relationship with Tubi, a streaming service owned by Fox Corp” the company noted.
“And MLW’s prospective economic advantage with respect to its relationship with VICE TV, and supposedly engaged in unfair business practices in violation of the Sherman Antitrust Act and California law.
“Such supposedly unfair business practices are alleged to include cutting off competitors’ access to viewers and licensing opportunities, interfering with contracts, poaching talent, eliminating price competition, and misappropriating and attempting to misappropriate confidential information of its competitors” the company added.
“On March 15, 2022, the Company moved to dismiss all claims asserted in the complaint. MLW filed its response to the Company’s motion to dismiss on April 22, 2022. The Company believes that all claims in the lawsuit are without merit and intends to defend itself vigorously against them” WWE concluded.
We’ll have to wait and see how this one goes…
