In a span of a week, WWE got hit with two new lawsuits. These join the Saudi and investors related lawsuits the company is currently dealing with.
One involves some comments WWE made regarding the coronavirus and a pharmaceutical company that ended up damaging the pharmaceutical company's stocks afterwards.
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Originally Posted by Post Wrestling
Post Stock News’ has information up about a lawsuit that WWE is involved in with Tilray, Inc. and Inovio Pharmaceuticals, Inc. and both claimed that WWE has made misleading statements about their respective companies. Inovio is involved because they’re claiming WWE made misleading statements about the company’s development of a vaccine for the coronavirus which led to them losing a number of shareholders.
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The other involves a different company claiming WWE infringed on their patent for streaming tech being used on the WWE Network.
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Originally Posted by Fightful
In an article written by David Bixenspan on Forbes, WWE is being sued by Rothschild Broadcast Distribution Systems for a software patent infringement in relation to the WWE Network. The patent in question refers to the basic function of subscription streaming video services. The lawsuit was filed in United States District Court for the District of Delaware and the complaint doesn’t name a specific amount of damages requested.
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