WWE News: WWE sued by a rival company- Almost a week back, one of the smaller rival companies sued Vince McMahon’s World Wrestling Entertainment (WWE). The company accused WWE of violating the federal antitrust law by monopolizing the professional wrestling market.
WWE News: Latest update on MLW suing Vince McMahon’s WWE over Anti-Trust
WWE News: The company named MLW Media LLC accused WWE and its CEO Vince McMahon of threatening investors and content partners for doing business with MLW Media LLC. They accused WWE by saying that by doing so, the company has protected its 85% share in the US market for professional wrestling broadcast rights.
Also Read: WWE News: Vince McMahon’s WWE sued by MLW Media LLC
WWE News: WWE has been given 21 days to respond
Now the latest update in this fiasco is that the court records have shown that longtime WWE attorney Jerry McDevitt received the lawsuit electronically two days after the lawsuit, i.e., Friday, January 14, and WWE was given 21 days time to respond to it.
A meeting has been scheduled between the two sides for Tuesday, April 12, 1:30 PM in Oakland, California for the case management. Magistrate Judge Kandis A. Westmore of the Ronald Dellums Federal Building has been assigned the case.
WWE News: Latest update on MLW suing Vince McMahon’s WWE over Anti-Trust
WWE News: Latest update on MLW suing Vince McMahon’s WWE over Anti-Trust
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WWE News: What’s more in the matter?
MLW also accused Stamford, Connecticut-based WWE of persuading MLW wrestlers to break exclusive contracts and airing live MLW footage without their consent. They did this to combat a five-year drown in the popularity of its own programs.
MLW stated, WWE’s “pattern of predatory and exclusionary conduct” has reduced competition and harms consumers by relieving them of content and keeping the prices high. MLW Chief Executive Court Bauer said, “This anti-competitive behavior has to stop.”
WWE News: Latest update on MLW suing Vince McMahon’s WWE over Anti-Trust
WWE News: WWE had its say on this fiasco
The complaint is filed in San Francisco federal court, and WWE has its say in an emailed statement. Vince McMahon & Co says that MLW’s claims had no merit and it intended to vigorously defend itself. Furthermore, Vince McMahon was not named as a defendant.
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