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.

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