The following is a press release sent out by WWE:
World Wide Fund For Nature Files Claim For Damages
STAMFORD, Conn., November 8, 2004 -- World Wrestling Entertainment, Inc. ("WWE") today announced that the World Wide Fund for Nature (the "Fund") filed a claim for damages in the English High Court with respect to its suit initiated in April 2000 against WWE. The original suit alleged that WWE breached its 1994 agreement with the Fund regarding the use of the initials "wwf." In that suit the Fund sought injunctive relief and unspecified damages for those alleged breaches.
In its recent filing, the Fund seeks actual damages for legal and other costs of approximately $575,000 and further asserts substantial monetary claims in an amount calculated as a royalty based on percentages of certain of our revenue streams. A hearing has been scheduled on the Fund's claims for January 11, 2005.
WWE strongly disputes that the Fund has suffered any damages, believes that it has strong defenses to the Fund
