Kevin Dunn Not Responsible Of Insider Trading, Hasn’t Been On WWE Board In Years

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*This article was written previous to additional info changing into broadly recognized, and has been corrected, full retraction right here.

It appears like Kevin Dunn could also be on the hook for insider buying and selling.

While Vince McMahon might want issues to be enterprise as traditional, he cant disguise from the truth that earlier this week, it was revealed that McMahon was being investigated by the WWE board since April of this yr. The Wall Street Journal broke the information that the WWE Chairman was being investigated for secret hush cash fee to a girl Vince McMahon had a sexual relationship with. This in fact was sure to impact inventory costs for the corporate when the information broke and with the board being notified of the investigation in April, any inventory buying and selling since will certainly be investigated.

Kevin Dunn bought over a million {dollars} of inventory in May. This could be over 15,000 shares. Kevin Dunn has been a member of the WWE Board Of Directors since 2008* (Per PWInsider, Dunn has not been the member of the board in years) The board was made conscious of the investigation concerning Vince McMahon in April.*(Irrelevant as a consequence of Dunn not being on the board)

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