In the WWE’s 10-Q filing was the following note: “Levy et al. On July 24, 2008, we were served with a summons from three of our former talent purporting to be on behalf of themselves and a class of similarly situated persons. The lawsuit alleges breach of contract and unjust enrichment arising from our treating them as independent contractors rather than employees, which the plaintiffs allege is an erroneous classification. We have not formally responded to the suit but intend to deny any liability for claims asserted against us and to defend vigorously against the suit.”
What this means is that Scott Levy, better known as Raven, is challenging the WWE calling their wrestlers “independent contractors.” Depending on the legal source, writes Bryan Alvarez at F4Wonline.com, WWE is either “grevously at fault” or barely getting away with this designation. This would be business-altering if Levy is found to be in the right, as WWE would be hugely financially liable, perhaps including having to give their wrestlers benefits.
Tons of credit and respect to Raven for at least attempting to take this huge and neccessary step.
Read the full report at corporate.wwe.com (pdf file).
