The filing notes the following on Shane’s role with the company: “Defendant Shane McMahon (“McMahon”) has served as a Company director since July 2010. Shane Mcmahon has been named in a lawsuit against Ideanomics, the company which McMahon serves as Vice Chairman of the Board. … Sign-up … He is currently the on-screen commissioner of WWE’s weekly television show SmackDown Live. This order of … ideanomics says shane mcmahon will continue to serve as ideanomics' vice chairman. In light of our business and structure, Mr. McMahon’s extensive executive and industry experience led us to the conclusion that he should serve as a director of our Company.”. Given that the price per share of the Company’s common stock at the close of trading on November 15, 2019 was $0.70, Defendant McMahon owned approximately $2.1 million worth of Ideanomics stock, at least. Shane McMahon Named As Defendant In Lawsuit. Marissa Mazzola-McMahon is a celebrity wife and a film producer, who is perhaps best known to the world as the wife of World Wrestling Entertainment (WWE) minority owner, producer, and executive vice-chairman of Ideanomics, Shane McMahon.The two have been married since 1996 and have three children. The Company has executed several amendments to extend the maturity date of the note due to McMahon, most recently to December 31, 2020. There are 9 older and no younger executives at Ideanomics Inc. Defendant McMahon also served as the Company’s CEO in 2012, during which time he made a $3 million loan to the Company in consideration for a convertible note in the aggregate principal amount of $3 million at an annual interest rate of 4%. Ideanomics, the often evolving financial technology company promising a $400 million investment in West Hartford, is facing a shareholder class action lawsuit alleging that it made false and misleading statements that led to artificial inflation of the company’s stock value. Due to his role in the company, he was named in the filing. Documents show McMahon has previously loaned the Company $3 million and, at one time, owned $2.1 million worth of Ideanomics stock. There are 9 older and no younger executives at Ideanomics Inc. Mr. Shane McMahon is an independent member and Vice Chairman of the Board of Directors. The SEC defines Insiders as officers, directors, or significant investors (greater than 10% ownership) in a company. He had been away since October 2019. The suit also includes an outline of Shane’s role with Ideanomics. Ideanomics, Inc. focuses on monetizing the adoption of commercial electric vehicles, associated energy consumption, and developing financial services and Fintech products. According to the 2019 Proxy Statement, as of November 15, 2019, Defendant McMahon beneficially owned 6,090,589 shares of the Company’s common stock, 5 which represented 4.5% of combined common stock and Series A stock of the Company. You can see the full shareholders lawsuit filing below: Shane McMahon Lawsuit Idean… by Heel By Nature on Scribd, Photos: Alexa Bliss And Ryan Cabrera Get Tattoos Of Each Other, Kenny Omega Reveals Rules For Exploding Barbed Wire Deathmatch At AEW Revolution, News On A Former Top WWE Star Possibly Signing With AEW, Shane McMahon – Braun Strowman Feud To Continue On RAW, WWE NXT Stars Serve As Apollo Crews’ Elite Guards On SmackDown, Big E’s Return Announced, Bobby Lashley Talks Winning The WWE Championship While Surrounded By Wrestlers At Ringside. Occupation: Businessman, professional wrestler “Additional reasons that demand on Defendant McMahon is futile follow. Ideanomics has offices in China, and their company headquarters is located in New York City. WWE Announces Bobby Lashley Segment For RAW, WInc Daily: Backstage News On Sammy Guevara Heat, Vince McMahon – Bayley (Feat. Shane McMahon is named in a new lawsuit against Ideanomics, the company where he serves as Vice Chairman of the Board. Shane McMahon is facing a lawsuit that was filed against Ideanomics, the company where he serves as Vice Chairman of the Board. Ideanomics Capital includes DBOT ATS and Intelligenta, which provide financial services solutions powered by AI and blockchain. Founder of Ideanomics, Inc., Shane B. McMahon is on the board of Ideanomics, Inc. , etc. Shane Mcmahon is listed as an insider in the following companies: IDEX / Ideanomics, Inc. Defendant McMahon also served as the Company’s CEO in 2012, during which time he made a $3 million loan to the Company in consideration for a convertible note in the aggregate principal amount of $3 million at an annual interest rate of 4%. Shane McMahon is on a list of defendants in a shareholder lawsuit against fintech company Ideanomics. IDEX Bottom Line. The company is headquartered in New York City, and has offices in China. Mr. McMahon also sits on the Boards of Directors of International Sports Management (USA) Inc., a Delaware corporation, and Global Power of Literacy, a New York not-for-profit corporation. Ideanomics describes itself as … Shane McMahon is named in a new lawsuit against Ideanomics, the company where he serves as Vice Chairman of the Board. Shane McMahon is named in a new lawsuit against Ideanomics, the company where he serves as Vice Chairman of the Board. Plaintiff believes that substantial evidentiary support will exist for the allegations set forth herein after a reasonable opportunity for discovery.”. Mr. McMahon also sits on the Boards of Directors of International Sports Management (USA) Inc., a Delaware corporation, and Global Power of Literacy, a New York not-for-profit corporation. We combine deal origination and enablement with the application of technologies such as artificial intelligence, blockchain, and others as part of the next-generation of smart financial services. Shane McMahon is the Executive Vice-Chairman of the company. Its Mobile Energy Global division provides financial services and incentives for commercial fleet operators, including group purchasing discounts and battery buy-back programs. McMahon served as company director since 2010, and also served as Vice Chairman and CEO during his tenure with the company. 67. McMahon served as company director since 2010, and also served as Vice Chairman and CEO during his tenure with the company. As for Plaintiff’s complaint against the Individual Defendants, Plaintiff alleges the following based upon personal knowledge as to Plaintiff and Plaintiff’s own acts, and information and belief as to all other matters, based upon, inter alia, the investigation conducted by and through Plaintiff’s attorneys, which included, among other things, a review of the Defendants’ public documents, conference calls, and announcements made by Defendants, United States Securities and Exchange Commission (“SEC”) filings, wire and press releases published by and regarding Ideanomics, legal filings, news reports, securities analysts’ reports and advisories about the Company, and information readily obtainable on the Internet. When you buy or click through links on our site, we may earn an affiliate commission. Shane McMahon is involved in more business ventures than just WWE. Ideanomics has several different divisions including commercial electric vehicles, and next generation financial services. The Company’s 2019 Proxy Statement stated the following about Defendant McMahon: Shane McMahon* Director Since: July 2010 Age: 48 Mr. McMahon was appointed Vice Chairman as of January 12, 2016 and was previously our Chairman from July 2010 to January 2016. In his past career he was Executive Vice President-Global Media at World Wrestling Entertainment, Inc. Mr. McMahon received an undergraduate degree from Boston University. Shane McMahon is named in a new lawsuit against Ideanomics, the company where he serves as Vice Chairman of the Board. In light of our business and structure, Mr. McMahon’s extensive executive and industry experience led us to the conclusion that he should serve as a director of our Company.”. The company was founded by Shane B. McMahon … Anything and Everything about the Cerebral Assassin - Triple H. News on Professional Wrestling and the Independent Circuit. Brandon Thurston), WWE NXT Creative Team Update, People In WWE Reportedly Unhappy Over Losing The Ratings Battle To AEW, WWE Reportedly Fining Wrestlers For “Thigh Slaps”, Tony Khan Drops Hints On The Major AEW Talent Signing To Be Revealed At Revolution, WWE SmackDown Results – Steel Cage Main Event, Shayna Baszler Vs. Bianca Belair, More, Wrestling Legend Reportedly Invited To AEW Revolution, Jey Uso Provides Health Update On Jimmy Uso, Kurt Angle Talks How Disorganized WWE Booking Has Gotten, Arn Anderson Recalls Cody Rhodes WWE Match Turning Into A Semi-Shoot, © 2021 Webcapacity Incorporated. The following was included: “Additional reasons that demand on Defendant McMahon is futile follow. The company owns dbot, Fintech Village, Intelligenta, Liquefy, Logistorm, and Treeletrik. The The filing also gives details on Shane’s role in some of the alleged offenses mentioned above. Defendant McMahon has served as a Company director since July 2010. Insiders own 24% of the company. . Born: January 15, 1970 (age 50), Gaithersburg, Maryland; Shane returned to WWE TV on this week’s RAW as the host of the new RAW Underground concept. He serves as Vice Chairman of the Board of the company. Ideanomics Capital includes DBOT ATS and Intelligenta, which provide financial services solutions powered by AI and blockchain. California announced that it will ban the sale of all new gas-powered cars in 2035. He serves as Vice Chairman of the Board of the company. [5] The company headquarters are located in New York City, with offices in Beijing, Guangzhou, and Qingdao, China. Prior to joining us, from 2000 to December 31, 2009, Mr. McMahon served in various executive level positions with World Wrestling Entertainment, Inc. (NYSE: WWE). Wu stepped down as the company's executive chairman in December 2020. We combine deal origination and enablement with the application of technologies such as artificial intelligence, blockchain, and others as part of the next-generation of smart financial services. Ideanomics … It is illegal for insiders to make trades in their companies based on specific, non-public information. Anything and Everything about the Cerebral Assassin - Triple H. News on Professional Wrestling and the Independent Circuit. The Chairman of Ideanomics is Chinese billionaire Bruno Wu and Vice-Chairman is billionaire Shane McMahon of the WWE. Shane McMahon is 47, he's been the Vice Chairman of the Board of Ideanomics Inc since 2016. Shane McMahon is 47, he's been the Vice Chairman of the Board of Ideanomics Inc since 2016. The company was founded by Shane B. McMahon … The following complaint is outlined in the lawsuit, “Plaintiff Ali Toorani (“Plaintiff”), by Plaintiff’s undersigned attorneys, derivatively and on behalf of Nominal Defendant Ideanomics, Inc. (“Ideanomics” or the “Company”), files this Verified Shareholder Derivative Complaint against Individual Defendants Zheng Wu a/k/a Bruno Wu, Bing Yang, Robert G. Benya, Federico Tovar, Alfred Poor, Conor McCarthy, James S. Cassano, Harry Edelson, Steven Fadem, Jerry Fan, Shane McMahon, Jin Shi, John Wallace, Chao Yang, and Kang Zhao (collectively, the “Individual Defendants,” and together with Ideanomics, the “Defendants”) for breaches of their fiduciary duties as controlling shareholder, directors and/or officers of Ideanomics, unjust enrichment, abuse of control, gross mismanagement, waste of corporate assets, and violation of Section 14(a) of the Securities Exchange Act of 1934 (the “Exchange Act”). Fresh off his return to WWE TV to head up WWE Underground, Shane McMahon has now been named in a new lawsuit. Shane is an American businessman and professional wrestler who is a part of the owner family of WWE and the vice-chairman of Seven Stars Cloud Group, Inc, formerly Wecast Holdings Inc. Shane Brandon McMahon (nato il 15 gennaio 1970) è un uomo d'affari americano e un wrestler professionista .È il vicepresidente esecutivo di Ideanomics, precedentemente Seven Stars Cloud Group. As a longtime Company director, he conducted little, if any, oversight of the Company’s engagement in the schemes to make false and misleading statements during the First and Second Relevant Periods, consciously disregarded his duties to monitor such controls over reporting and engagement in the schemes, and consciously disregarded his duties to protect corporate assets. The filing outline’s Shane McMahon’s role within the company . He is the founder and executive vice-chairman of Ideanomics, formerly Seven Stars Cloud Group. He has recently been named in a lawsuit against him and Ideanomics, a company where he is … Ideanomics is a global company driving mobile energy transformation and the green fintech revolution. Fourteenth, the Chairman of Ideanomics is billionaire Bruno Wu and Vice-Chairman is billionaire Shane McMahon of … Given that the price per share of the Company’s common stock at the close of trading on November 15, 2019 was $0.70, Defendant McMahon owned approximately $2.1 million worth of Ideanomics stock, at least. The oldest executive at Ideanomics Inc is Harry Edelson , 86, who is the Independent Director. The company includes several divisions, such as next generation financial services and commercial electric vehicles. The company owns dbot, Fintech Village, Intelligenta, Liquefy, Logistorm, and Treeletrik. He has also served as Vice Chairman since January 2016 and served as the Company’s CEO in 2012. Daily pro wrestling news from WWE, AEW, New Japan Pro-Wrestling, Ring Of Honor and Impact Wrestling. The company was founded by Shane B. McMahon on October 19, 2004 and is headquartered in Shane McMahon has been named in a lawsuit against Ideanomics, the company which McMahon serves as Vice Chairman of the Board. - Shane McMahon will continue to serve as Ideanomics' Vice Chairman Ideanomics Board-Bruno-Wu NEW YORK , Dec. 24, 2020 / PRNewswire / -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") today announced that Dr. Bruno Wu will step down as Executive Chairman effective December 31, 2020 , and Alf Poor will succeed as Interim-Chairman. The Company has executed several amendments to extend the maturity date of the note due to McMahon, most recently to December 31, 2020. Ideanomics Announces Director Changes. The new shareholders lawsuit names Shane and several members of the executive team, accusing them of breaches of their fiduciary duties, unjust enrichment, abuse of control, gross mismanagement, waste of corporate assets, and a violation of the Section 14(a) of the Securities Exchange Act of 1934. Ideanomics has several different divisions including commercial electric vehicles, and next generation financial services. He has also served as Vice Chairman since January 2016. WWE Moving ThunderDome To 1995 Royal Rumble Venue? 9.91M. Ideanomics’ Mobility and Capital divisions provide shareholders with access to disruptive and high-growth opportunities The company’s primary shareholders include two billionaire families – former chairman Dr. Bruno Wu and Vice Chairman Mr. Shane McMahon The company has raised approximately $400 million in six months to fund new investments and acquisitions in revenue-based … Defendant McMahon has served as a Company director since July 2010. 1,536.73%. Shane McMahon has been named in a lawsuit against Ideanomics, the company which McMahon serves as Vice Chairman of the Board. Due to his role in the company, he was named in the filing. The oldest executive at Ideanomics Inc is There are 9 older and no younger executives at Ideanomics Inc. Ideanomics’ Mobility and Capital divisions provide shareholders with access to disruptive and high-growth opportunities The company’s primary shareholders include two billionaire families – former chairman Dr. Bruno Wu and Vice Chairman Mr. Shane McMahon The company has raised approximately $400 million in six months to fund new investments and acquisitions in revenue-based … It is illegal for insiders to make trades in their companies based on The company was founded by Shane B. McMahon on October 19, 2004 and is headquartered in New York, NY. Insiders are officers, directors, or significant investors in a company. There are 9 older and no younger executives at Ideanomics Inc. Shane McMahon is named in a new lawsuit against Ideanomics, the company where he serves as Vice Chairman of the Board. There are 9 older and no younger executives at Ideanomics Inc. - Shane McMahon will continue to serve as Ideanomics' Vice Chairman NEW YORK, Dec. 24, 2020 /PRNewswire/ -- Ideanomics (NASDAQ: IDEX) ("Ideanomics" or the "Company") today announced that Dr. Bruno Wu will step down as Executive Chairman effective December 31, 2020, and Alf Poor will succeed as Interim-Chairman. Shane Brandon McMahon (Gaithersburg, 15 gennaio 1970) è un imprenditore, personaggio televisivo e wrestler statunitense, attuale vicedirettore di Ideanomics e azionista di minoranza della WWE. 27.60M. Here are some of the … “Defendant Shane McMahon (“McMahon”) has served as a Company director since July 2010. He has also served as Vice Chairman since January 2016 and served as the Company’s CEO in 2012. The oldest executive at Ideanomics Inc is There are 9 older and no younger executives at Ideanomics Inc. Furthermore, Defendant McMahon signed, and thus personally made the false and misleading statements in 2017 10-K. For these reasons, too, Defendant McMahon breached his fiduciary duties, faces a substantial likelihood of liability, is not independent or disinterested, and thus demand upon him is futile and, therefore, excused.”. Defendant McMahon has received and continues to receive compensation for his role as a director, as described above. Shane serves as Vice Chairman of the Board. Ideanomics is a global company driving mobile energy transformation and the green fintech revolution. For the fiscal year ended December 31, 2017, Defendant McMahon received $339,354 in compensation from the Company.