Longest Running Triple H Fansite
Since 2006

October 6, 2023

Details Of Vince McMahon's Agreement To Pay Legal Fees For WWE Stockholder Lawsuit

For over a year now, former WWE owner Vince McMahon has been embroiled in a scandal revolving around hush money payments over alleged sexual misconduct. According to a recent SEC filing, McMahon agreed to pay $2 million to the plaintiffs in a stockholder lawsuit that originated back in January, meant to cover legal fees. That sum is in addition to the $17.4 million that McMahon was forced to pay back to the company to cover the cost of the investigation into his actions, which was one of the points of the lawsuit. The larger sum was ordered by the court back in March, while the $2 million amount was agreed to in May.

The suit, filed by WWE stockholders Carole Casale and Chrystal Lavalle in January, also sought to address McMahon's changing of the company's bylaws, allowing him to appoint himself back to the Board of Directors after stepping down in 2022. Once the nature of the lawsuit became clear, McMahon reverted the bylaws to the previous iteration, rendering that aspect of the lawsuit no longer relevant.

This isn't the end of the road for McMahon in terms of legal trouble. It was reported that McMahon had been served with a federal search warrant as well as a subpoena from a Grand Jury in July.


Post a Comment

Your comment awaits moderator approval. Comments that are abusive, spam, off-topic, use excessive foul language, or include ad hominem attacks will be deleted.

 photo i_zps0ebed5ab.jpg
Oderint Dum Metuant: Let Them Hate As Long As They Fear