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WWE SHAREHOLDERS TRIAL NOT STARTING MONDAY

Bloomberg.com is reporting that the trial for the lawsuit filed in Delaware by WWE shareholders against Vince McMahon, WWE President Nick Khan and other current and former WWE execs has been removed from the court docket for this Monday in Delaware.  The trial had been expected to run all of next week with McMahon and others slated to testify.

There is no word on the delay or whether this is a sign the parties expect to reach a settlement.

The lawsuit, brought by several shareholders, alleges that when McMahon made the decision to sell WWE, the process was manipulated to take the offer from Endeavor to insure he would be able to remain with the company despite the scandal that led to his exit as an exec, thus depriving shareholders of the best possible price for WWE on the open market.  TKO, who now owns WWE, is not a party to the lawsuit.  The civil lawsuit would be for monetary damages.

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