Vince McMahon Faces Investor Lawsuit Following Return To WWE As Executive Chairman

Photo: Instagram/Vince McMahon

Vince McMahon, majority shareholder and executive chairman of WWE, is facing a lawsuit following his return to the company.

He had previously been involved in a hush-money scandal and stepped away from WWE for several months.

Upon his return, he was officially reinstated to the Board of Directors and brought back former WWE presidents Michelle Wilson and George Barrios, while removing JoEllen Lyons Dillon, Jeffrey R Speed, and Alan M Wexler from their positions.

Photo: Instagram/Vince McMahon

This move caused a shareholder to sue McMahon in Delaware’s Chancery Court, alleging that he used his 81% voting control to install himself as chairman illegally and push through bylaw changes that would give him more control over the board and the company.

The lawsuit claims that McMahon timed his return to take control of negotiations over WWE’s expiring media rights and that his actions violate Delaware law. The case is ongoing.



Comments

Trending Now

Ryan Garcia Arrested For Alleged Hotel Damage In Beverly Hills

Former Pornstar Moriah Mills Gets Controversial Zion Williamson Face Tattoo Amid Sex Tape Scandal

LeBron James Unfollows Three NBA Stars On Social Media

Eddie Hall Wins 2-on-1 Fight With Powerful Moves

Dawn Staley Under Fire For Team USA’s Caitlin Clark Snub

NBA Fans Roast JJ Redick For Calling Kyrie Irving An 'Ethical Scorer' On ESPN's NBA Finals Broadcast

Caitlin Clark Left Off Olympic Roster Amid Concerns Over Playing Time: Report

Mark Cuban Turns Employees Into Millionaires With $5.7 Billion Company Sale

Mike Tyson Reveals The Only Heavyweight Who Hit Harder Than Him

Tyson Fury Escorted From Morecambe Bar After Drinking Incident