Vince McMahon and WWE facing a new lawsuit
FiredUp Network Sports Writer
Thursday, February 2, 2023
WWE is facing another lawsuit regarding Vince McMahon's return to the company as Chairman
Bloomberg.com has reported that an investor has sued the WWE about "horrifying allegations" against Vince McMahon. The Investor's name has not been revealed, but they are searching for internal files from the WWE to examine the claims.
"The facts here start with horrifying allegations that Vince McMahon raped and sexually assaulted a number of WWE employees and contractors over the course of decades. When confronted, he then paid the victims nearly $15 million in 'hush money' to buy off their silence. There are serious questions about how Vince McMahon obtained and delivered those funds to his victims." Said the Investor.
The Investor says McMahon showed "a flagrant disregard for basic corporate governance norms" when he returned to the board.
In all the complaints about Vince McMahon and the WWE, this is the first time an Investor has asked for documents from the WWE. This is a state law in the United States of America where that can give corporate investors broad inspection rights.
McMahon was forced to step down and retire from the WWE back in July of 2022. McMahon's son-in-law Paul "Triple H" Levesque took over creative, while Nick Khan and Vince's daughter Stephanie McMahon became Co-Chairman/Chairwoman.
Vince returned to the company in early January of 2023, where he was voted back into being the board's Chairman again. After this decision, Stephanie McMahon left the company while Paul Levesque remained head of creative.
The Investor hopes this lawsuit will keep McMahon out for good from the board of a company he has led for most of the past four decades.
Photo Credits: WWE