Vince McMahon might have returned to WWE on January 6th but it appears that the legal wrangling about his comeback is just getting started.
McMahon retired from his role as WWE Chairman on July 22nd, 2022 surrounded by numerous allegations of sexual misconduct. This has been followed by further allegations of sexual assault. It is claimed that McMahon paid more than $12 million to the women involved in hush money in an attempt to suppress the allegations.
However, the former Chairman is now back after reinstating himself to the Board of Directors along with Michelle Wilson and George Barrios. To complete his return McMahon removed JoEllen Lyons Dillon, Jeffrey R. Speed and Alan M. Wexler from the Board.
McMahon announced that his return is purely to help secure the sale of the company, and he has complete faith in the management team of Nick Khan, Stephanie McMahon and Triple H. But things might not be that simple.
Vince McMahon And Other WWE Board Members Could Face Legal Challenge
A new report from PWInsider has published correspondence between the Scott and Scott law firm and someone involved in the WWE shareholder derivative suit that was filed in June 2021. The suit was filed after the NDA allegations against McMahon surfaced.
In the email update the lawyers highlight Vince McMahon “forcing his way back onto the Board” which caused a “major Board shakeup.” It is suggested that this is enough to bring a “breach of a fiduciary lawsuit.”
“We hope to file a complaint against McMahon and possibly other directors/officers for breaching their duties to WWE and its shareholders.”
The news comes after it was reported that some within WWE are “worried” about what the future may hold with Vince McMahon back on the Board. A number of people backstage are said to be fearful of more cuts now that the company is seemingly up for sale.