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Figure Four Weekly 4/4/2016: Latest News on Wrestling Legal Battles

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After little to no movement for the better part of a year, WWE got the class action stockholder lawsuit dismissed this past week. We covered this in detail back in issue #1044 (June 26, 2015) after discovering the back and forth that was going on involving the statements of Brian Maddox, who was formerly WWE's Vice President, Global Sales. The firm handling the case for the plaintiffs had filed an amended complaint a year ago with a lot of new, specific allegations from Confidential Witness 1 (or "CW1"), who turned out to be Maddox. This included everything from things we knew (WWE's social media numbers count a number of fans multiple times when they follow multiple WWE accounts, the issues with ad rates stemming from the number of low income viewers, etc.) to new information (not allowing anyone to sponsor the ring canvas has hurt ad rates and sponsor variety, WWE would drop sponsors for no apparent reason) to somewhat specious claims about WWE's total audience.

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