A lawsuit bought against Vince McMahon by a group of WWE shareholders has been dropped.
As reported by Bloomberg, the shareholders agreed to drop the action on May 3rd saying their claims became moot when McMahon agreed to repay $17.4 million to WWE for their investigation into his conduct. Vice Chancellor J. Travis Laster granted the motion on the same day.
Counsel for the shareholders indicated that the group would seek a “mootness fee” as a reward for forcing McMahon’s hand with regard to the repayment.
The payment by McMahon appears only to cover the cost investigation and doesn’t take into account the nearly $20 million that he has allegedly paid out to his accusors since 2007.
Another group of shareholders is already seeking a “mootness fee” after dropping a related case after McMahon “walked back” some of the bylaw changes that he pushed through when he forced his way back onto WWE’s Board of Directors in January.
Bloomberg notes that the decision to drop the lawsuit effectively ends the number of lawsuits leveled at McMahon in Delaware’s Chancery Court after he returned to WWE.
Vince McMahon & WWE’s Legal Troubles Far From Over
While this case may have been dropped, another suit is just kicking into gear.
On April 26th it was revealed that former WWE writer Britney Abrahams is suing the company and individual staff alleging “discriminatory treatment, harassment, hostile work environment, wrongful termination, unlawful retaliation against the Plaintiff due to her race, color, and gender.”
Abrahams claims that she was discriminated against and retaliated against after she objected to what was described as “offensively racist and stereotypical jargon” used in segments for Black performers such as Bianca Belair, Apollo Crews, and others.
The lawsuit also highlights a pitch where Mansoor would be “behind the 9/11 attacks” and another where Shane Thorne, a White wrestler, would “hunt” Reggie, a Black wrestler.