One lawsuit was dismissed.
According to Bloomberg, WWE stockholders have agreed to abandon their lawsuit against Vince McMahon, stating that their claims became moot when McMahon agreed in late March to refund the $17.4 million the business spent investigating him. The dismissal was approved by the judge in the case.
WWE investors’ counsel has stated that they want to seek a “mootness fee” as compensation for their involvement in pressing McMahon’s hand.
McMahon has been investigated by WWE for alleged sexual harassment and hush money charges.
Instead of the roughly $20 million McMahon is said to have paid his accusers in 2007, the $17.4 million payment went toward the investigation’s expenses.
Follow Mark T Cyrus at @_MarkCyrus on Twitter
If you enjoy Bodyslam’s content, you can help donate to the site here. You can also visit our PWTees store and buy Bodyslam official merchandise here.
You can listen to all of Bodyslam’s podcasts by following us on Spotify and subscribing to our YouTube Channel, or any of your favorite podcast platforms.
