I’ve been pretty quiet around here, I know. Studying for the bar is keeping me busy and there have been a few personal issues going on. But anyway, I saw a story tonight I couldn’t help but post about.

Those of you that know me know that I’m a wrestling fan and have been ever since I can remember. Sure, it’s not the same as it was in the days of Hulk Hogan, but I still do my best to catch Raw most every week. This past Monday night, there was a storyline where Vince McMahon announced he had sold the show Raw to Donald Trump. Not the greatest story in the world, but WWE always likes to pretend real when they think they can get some publicity out of it.

So the next day, USA Network issued a press release about the show being sold to Trump. In turn, the WWE stock fell 7%. The question: Did WWE and GE (owner of USA) violate securities law?

Both attorneys think WWE investors that sold the stock at a loss could have legal grounds to collect damages, potentially from both WWE and GE, since USA Network issued the release, but he couldn’t think of any legal precedent that could be used.

“Off top of my head, this is a unique set of facts,” Meissner said. “It sounds like poor judgment on their part for them to do this—for either company of that size to undertake something like this…it seems silly.”

You can read the full story at http://www.foxbusiness.com/story/markets/industries/media/ge-wwe-violation-securities-law/.

37 Days until the Bar Exam