Earlier this week, the U.S. District Court of Connecticut dismissed a portion of the claims of several WWE wrestlers which claimed the company knew or should have known about head injuries. Only one claim by two plaintiffs remains. In a lengthy opinion, the court dismissed the lawsuits of William Albert “Billy Jack” Haynes III, “Big” […]
WWE
Jury awards Hogan additional $25.1 million in punitive damages
On Monday, Florida jury tacked on an additional $25.1 million punitive damages award for Hulk Hogan. This amounts to a total of $140.1 million awarded to the former pro wrestler after the jury found in his favor and awarded him $115 million this past Friday. Gawker Media was ordered to pay $15 million while Nick […]
Jury awards Hogan $115M in Gawker lawsuit
On Friday, a Florida jury awarded Hulk Hogan $115 million in damages against news entity Gawker after it posted a sex tape of Hogan without his knowledge. It is too early to know whether Gawker will appeal but according to CNN Reporter Tom Kludt Florida law requires a party to post a bond for the […]
WWE stock downgraded a day after Q4 earnings announcement
The WWE posted strong fourth quarter earnings as revenue increased 21% to $658.8 million, the highest in Company’s history. However, that was not enough for investors as the stock was downgraded a day after the earnings announcement. The WWE reported a net loss of $1.2M adjusted for non-recurring costs which equated to a profit of […]
The Wrestling Post – Ross replaces Ranallo as New Japan announcer
AXS TV announced that former WWE announcer Jim Ross will join AXS TV’s “New Japan Pro Wrestling” as its play-by-play commentator. Ross will join former UFC Heavyweight Champion Josh Barnett to call the action starting Friday, March 4th. Via the AXS TV press release: A WWE Hall of Famer, Ross was known as the voice […]