Legal problems for Vince McMahon continue to mount as WWE’s Executive Chairman has been hit by a third lawsuit.
The report from Bloomberg states that the action is being brought against McMahon by a group of shareholders over allegations that he paid a number of individuals to cover up claims of sexual misconduct.
“The other group of investors, meanwhile — those suing over McMahon’s alleged history of paying to cover up sexual harassment accusations — are seeking to sever their case from the consolidated action. That could keep the bylaw-related claims alive, interfering with any fee request,”
The suit was brought forward by Carole Casale and Chrystal Lavalle and is currently unavailable to the public.
McMahon is already facing two other lawsuits in relation to his return which claim that he breached fiduciary duties and hamstrung the company by changing certain bylaws.
Vince McMahon Recently Agreed Multimillion-Dollar Settlement
On January 19th it was reported that McMahon had reached a settlement with former referee Rita Chatterton. The settlement was in relation to a 1986 incident where Chatterton alleged that she was raped by McMahon. Chatterton had been seeking $11.75 million but the agreement is said to be worth less than that amount.
The news of the agreement comes after it was reported in 2022 that McMahon had reached a number of legal settlements with former employees in relation to other allegations. In one instance he paid a former wrestler $7.5 million after she claimed that he had coerced her into giving him oral sex.
Vince McMahon returned to WWE on January 6th, 2023, after retiring six months earlier while surrounded by allegations of sexual misconduct. After having an initial attempt to return to the Board of Directors blocked, McMahon reinstated himself to the Board along with two associates. Two more Board members quit due to his return and co-CEO Stephanie McMahon also left the company.
On January 10th, McMahon was again elected Executive Chairman.