POST Wrestling has reported that attorneys representing a class of WWE shareholders are seeking hundreds of millions of dollars in damages in the ongoing lawsuit against WWE over the merger that formed TKO Group.
The monetary damages, based on an expert analysis written by financial economist James L. Canessa, comes out to range of $466 million and $957 million, plus interest accrued since the merger closed nearly three years ago.
Another, seemingly larger formulation, is redacted in the public version of the filed expert report.
The defendants in the case (Vince McMahon, Nick Khan, Paul Levesque, George Barrios, and Michelle Wilson) have retained their own experts, who argue no damages at all are owed and that the merger deal was fair.
The sum of money the plaintiffs claim are owed suggests that a settlement might not come to pass out of court, with the possibility of the case seeing litigated in a week-long trial in the Delaware Court of Chancery beginning June 8.
The case stems from an allegation that Vince McMahon unfairly steered the sale process in favor of UFC parent company Endeavor in order to secure his future with WWE despite allegations of sexual misconduct against him, thus preventing a fair and more competitive process from unfolding.