WWE-UFC Deal Case Needs Sex Misconduct Experience, Lawyers Say

A women-led legal team with experience litigating cases involving sexual misconduct should take the lead in challenging World Wrestling Entertainment Inc.’s $21.4 billion merger with mixed martial arts giant Ultimate Fighting Championship, an attorney for an Ohio pension fund argued Tuesday before the Delaware Chancery Court.

Investor Dennis Palkon and the Laborers’ District Council and Contractors’ Pension Fund of Ohio are vying with the City of Pontiac Reestablished General Employees’ Retirement System to lead consolidated litigation. The competing complaints argue Vince McMahon and other WWE senior leaders orchestrated an unfair merger with the league owned by Endeavor Group Holdings ...