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Stock impact report

Judge pauses lawsuit alleging Trump's Education secretary pick enabled sexual abuse of children decades ago [CNN]

TKO Group Holdings, Inc. Class A (TKO) 
Company Research Source: CNN
CNN — The move in the WWE case, from Judge James Bredar in Maryland's federal district court, will keep the proceeding against McMahon and the company at bay until a ruling from the Maryland Supreme Court, which heard arguments in September. The lawsuit raises questions of what McMahon knew and when at the time she was head of the professional wrestling company and a ringside announcer allegedly preyed on underage boys. The pause has the potential to delay the case through any Senate confirmation proceeding for McMahon, who denies the allegations. The case recently arose after Maryland changed its law to lift the statute of limitations for lawsuits related to sex abuse of minors. But the Maryland Supreme Court is set to rule on a challenge to that law from other organizations that have been sued and argue they should not have to face allegations of turning a blind eye to abuse years after it occurs. The suit alleges McMahon, her husband, the WWE and TKO Group Holdings, the le Show less Read more
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