Lawsuit Against Vince McMahon Withdrawn

WWE has few legal situations that they have to deal with right now. This is the reason why they have a team of attorneys on retainer. Now, the company has one less thing to worry about in the courtroom.

Bloomberg Law reports on a story that said, WWE shareholders who filed a lawsuit against Vince McMahon seeking reimbursement of the $17.4 million the company spent on investigating him, have withdrawn their case. The legal action was initiated last year after McMahon was accused of sexual assault and allegations of hush money payments to former employees. However, McMahon agreed in March to pay back the company for the amount spent on investigating him, which led to the dismissal of the Delaware litigation case by the judge.

The decision by the WWE shareholders to drop their lawsuit against McMahon came after he reached an agreement to repay the company for the funds spent on investigating the accusations against him.

The case had been ongoing for months, with the plaintiffs seeking to hold McMahon accountable for his actions. The dismissal of the litigation is a significant development in the scandal, and it remains to be seen if there will be any further legal action against the WWE and its management in the future.

McMahon and WWE continue to face other legal challenges, including a lawsuit filed in late April that accuses the company and its leaders of discriminating and retaliating against a Black female writer who objected to racist scripts and storylines used in wrestling broadcasts.

The investors leading the case are variously represented by Christensen & Dougherty LLP, Scott & Scott Attorneys at Law LLP, Bernstein Litowitz Berger & Grossmann LLP, Robbins LLP, and Richard A. Maniskas of Berwyn, Pa.

McMahon is represented by Potter Anderson & Corroon LLP. WWE is represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Vince McMahon has a lot of eyes on him right now, and you never know where he will pop up next. After all, he is very busy, but still has access to the company jet. Only time will tell how WWE looks in a decade, but he’s not about to stop facing legal issues as he continues.

What’s your take on this lawsuit getting dropped? Is Vince McMahon bulletproof in the courtroom? Sound off in the comments!