Vince McMahon is no longer in the middle of an investor lawsuit after his sudden return to the WWE board of directors amid accusations of improper conduct and silencing funds.

This comes about a month after WWE announced its $21 billion merger with the UFC, which is owned by Endeavor Group Holdings.

This Wednesday, the shareholders leading the joint lawsuit against McMahon agreed to drop it. They made a note stating that McMahon agreed to pay back the $17.4 million that the company messed up when he was investigated. The proposal was granted. According to a report by Bloomberg Law, the payment covers the cost of the investigation. It did not cover the $20 million he had paid his accusers since 2007.

The investors’ attorney decided to seek incidental fees to secure the McMahon agreement. Another group of shareholders was also seeking a leniency fee when they dropped a case on a related matter when McMahon rolled back some bylaw changes in early January.

This is not to say that Vince McMahon is free from legal troubles at the moment. He faces several other challenges, including a lawsuit filed in April by a former writer accusing WWE and several leaders of multiple discriminatory offenses.

The former WWE star allegedly sent an email to Tony Khan and did not receive a response. Hear the story here.

Quick links

More from Sportskeeda

Edited by Ashvinkumar Patel


Leave a Reply

Your email address will not be published. Required fields are marked *