NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against World Wrestling Entertainment, Inc. WWEF45 Training Holdings, Inc. FXLVand Avaya Holdings Corp. AVYA. Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.

World Wrestling Entertainment, Inc. WWE

WWE is the subject of an article dated June 15, 2022 in the Wall Street Journal entitled, “WWE Board of Directors to Review CEO Vince McMahon’s Secret $3M Hush Deal, Sources Say.” CEO Vince McMahon was willing to pay a departing employee with whom he was allegedly having an affair, according to documents and people familiar with the board’s investigation.” The article continues: “The board’s investigation, which began in April, has unearthed other, older nondisclosure agreements, allegations by former female WWE employees of misconduct by Mr. McMahon and one of his top executives, John Laurinaitis, the director of talent relations, including WWE, people said.”

On June 17, 2022, the company issued a press release stating, “A special committee of the Board of Directors is conducting an investigation into the alleged misconduct of its Chairman and CEO Vincent McMahon and John Laurinaitis, Head of Talent Relations, and that effective immediately, McMahon is voluntarily stepped down from his responsibilities as CEO and Chairman of the Board pending the completion of the investigation.”

On the news, WWE stock fell $1.94, or 3%, to close at $62.51 on June 17, 2022.

For more information on the WWE investigation, visit: https://bespc.com/cases/WWE

F45 Training Holdings, Inc. FXLV

On or about July 15, 2021, F45 Training completed its initial public offering (“IPO”), selling 18.75…