As reported by Bloomberg, law firm Ademi LLP is set to investigate WWE for possible violations of law in its deal with Endeavor, including breaches of fiduciary duty.
The firm alleges that WWE’s shares have been undervalued in spite of its financial outlook and prospects, and that the transaction unreasonably limits competing bids for the company through a significant penalty for accepting a better deal.
The release from Ademi LLP can be found at the original Bloomberg article here.