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WWE Merger Litigation

877-495-0883

This official website is maintained by the Settlement Administrator under the supervision of Plaintiffs' Counsel in the stockholder class action entitled In re World Wrestling Entertainment, Inc. Merger Litigation, Case No. 2023-1166-JTL (Delaware Court of Chancery)

WWE Merger Litigation

The information contained on this website is only a summary of information presented in more detail in the Notice of Pendency of Stockholder Class Action and Proposed Settlement, Settlement Hearing, and Right to Appear, which you can access by clicking here. Because this website is just a summary, you should review the Notice for additional details.

 

Notice of Pendency of Stockholder Class Action: Please be advised that your rights will be affected by the  stockholder class action entitled In re World Wrestling Entertainment, Inc. Merger Litigation, Case No. 2023-1166-JTL (the “Action”) pending in the Court of Chancery of the State of Delaware (the “Court”) if you were a record holder or beneficial owner of shares of World Wrestling Entertainment, Inc. (“WWE” or the “Company”) Class A common stock whose shares were exchanged for or who had the right to receive in exchange shares of TKO Group Holdings, Inc. (“TKO”) common stock at the closing of the transaction between WWE and Zuffa Parent, LLC, which owned and operated the Ultimate Fighting Championship (“UFC”), on September 12, 2023 (the “Merger”).

 

Notice of Settlement: Please also be advised that (i) Plaintiffs Laborers’ District Council and Contractors’ Pension Fund of Ohio (“Ohio Laborers”) and Dennis Palkon (“Palkon”) (collectively “Plaintiffs”), individually and on behalf of the Class (defined below); (ii) Defendants Vincent K. McMahon, Nick Khan, Paul Levesque, George A. Barrios, and Michelle D. Wilson (collectively, “Defendants”); and (iii) WWE (together with Plaintiffs and Defendants, the “Settling Parties,” and each a “Settling Party”) have reached a proposed settlement of the Action for $147,500,000 in cash (the “Settlement”).  The proposed Settlement, if approved, will resolve all claims in the Action against Defendants, and the Action will be dismissed with prejudice.

If you are a member of the Class, you are subject to the Settlement. The Class was certified by the Court’s Order dated November 17, 2025, and consists of:

All record holders and beneficial owners of WWE Class A common stock whose shares were exchanged for or who had the right to receive in exchange shares of TKO common stock at the closing of the Merger on September 12, 2023 (the “Closing”).  Excluded from the Class are (i) Defendants and Former Defendants; (ii) any affiliate, heir, successor, or assign of any of the foregoing; and (iii) any entity in which any of the foregoing has or had a controlling interest as of the Closing of the Merger on September 12, 2023 (the “Excluded Persons”).

 

Please Note:The Class is a non- “opt-out” class pursuant to Delaware Court of Chancery Rules 23(a), 23(b)(1), and 23(b)(2).  Accordingly, Class Members do not have the right to exclude themselves from the Class. 

If you have questions, you may call the WWE Merger Litigation Help Line at 1-877-495-0883 or email info@WWEMergerLitigation.com.


 

CLASS MEMBERS’ LEGAL RIGHTS IN THE SETTLEMENT
Description Due Date

RECEIVE A PAYMENT FROM THE SETTLEMENT. CLASS MEMBERS DO NOT NEED TO SUBMIT A CLAIM FORM.

If you are a Class Member, you may be eligible to receive a pro rata distribution from the Settlement proceeds.  Eligible Class Members (defined in paragraph 39 of the Notice) do not need to submit a claim form in order to receive a distribution from the Settlement, if approved by the Court. If you are eligible for a distribution from the Settlement, it will be paid to you directly.  See paragraphs 35-45 of the Notice for further discussion.

OBJECT TO THE SETTLEMENT BY SUBMITTING A WRITTEN OBJECTION SO THAT IT IS RECEIVED NO LATER THAN NOVEMBER 16, 2026.

If you are Class Member and would like to object to the proposed Settlement, the proposed Plan of Allocation, or Plaintiffs’ Counsel’s application for an award of attorneys’ fees and expenses, including Plaintiffs’ application for an incentive award, you may write to the Court and explain the reasons for your objection. 

ATTEND A HEARING ON NOVEMBER 30, 2026, AT 11:00 AM., AND FILE A NOTICE OF INTENTION TO APPEAR SO THAT IT IS RECEIVED NO LATER THAN NOVEMBER 16, 2026.

Filing a written objection and notice of intention to appear that is received by November 16, 2026, allows you to speak in Court, at the discretion of the Court, about your objection. In the Court’s discretion, the November 30, 2026, hearing may be conducted by telephone or video conference (see paragraphs 50-52 of the Notice). If you submit a written objection, you may (but you do not have to) attend the hearing and, at the discretion of the Court, speak to the Court about your objection.