WWE Shareholder Lawsuit: New Allegations Against McMahon Investigation

One Big Thing

New filings in the WWE shareholder lawsuit claim the company’s investigation into Vince McMahon was a “sham” and allege the board rejected better merger deals to maintain McMahon’s control.

Key Details

• Multiple plaintiffs, including pension funds from Ohio and Michigan, have filed complaints in Delaware Court
• Documents reveal board members Man Jit Singh and Ignace Lahoud attempted to resign after June 2022 misconduct reports
• Special Committee allegedly conducted insufficient investigation into McMahon allegations

Investigation Claims

The lawsuit states the Special Committee:

• Did not interview victims
• Failed to collect written materials
• Made no factual findings
• Issued no formal report
• Did not censure McMahon

Why It Matters

These allegations could impact:

• The WWE-UFC merger deal with Endeavor
• WWE’s corporate governance structure
• Future leadership decisions within the company

By The Numbers

• Multiple pension funds involved in the lawsuit
• Two board members attempted resignation
• One university professor among plaintiffs

What’s Next

The Delaware Court of Chancery will review these allegations as part of the broader lawsuit examining the WWE-UFC merger process.

Join The Conversation

What do you think about these new allegations regarding WWE’s investigation of Vince McMahon? Share your thoughts in the comments below.