For 20 years, K&L Gates lawyer Jerry McDevitt has guided the WWE through everything from a steroid trial to an initial public offering. And the work isn’t letting up.
On Friday, McDevitt and a team of lawyers from Day Pitney removed a lawsuit to federal court that has the potential to dramatically change the company’s finances — and, possibly, its stock price, according to one WWE executive. In the case, filed in July, three wrestlers claim they function as full-time employees (the company even determines their hairstyles) but are classified as independent contractors — a status that costs them benefits and deprives the IRS of taxes, the complaint claims.
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