Two lawsuits filed against WWE by shareholders over Vince McMahon’s return to the board have already been reported to be settled. As he returned. is covered in a third A new Bloomberg storyAnd it focuses on the behavior that led to McMahon Short break.
However, the lawsuit filed by Carole Casale and Chrystal Lavalle is not available to the public at this time. Bloomberg reports that this “brings greater demand for direct involvement Allegations of sexual harassmentand that the plaintiffs are “suing McMahon Allegations of payment to cover up Allegations of sexual harassment.”
Unlike the first two lawsuits, which alleged that McMahon forced the board back by threatening to use its ownership of 81% of the voting stock to veto any potential sale or media rights deal, this new lawsuit is unlikely to be swayed. WWE’s Jan. 16 filing with the Securities and Exchange Commission. It repealed the changes in corporate bye-laws from a Jan. 5 SEC filing That Vince would execute his comeback plan.
Plaintiff-defendant in these cases Detroit’s Police and Firefighters Pension FundAnd Investor Scott Fellows — now arguing that their suits “forced McMahon to scale back his ambitions.” As such, they now require a “muttness fee”. However, if their action is linked to new litigation targeting McMahon’s alleged misconduct and the hush money involved in a class action, it will interfere with their fee request.
McMahon is said to be trying to resolve any outstanding legal issues so they don’t interfere with efforts to sell WWE. Last week, it was Report He agreed to a “multimillion dollar legal settlement” with former referee Rita Chatterton. Vince allegedly raped her in 1986.