Menu
What's new
Troll Kingdom

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Report: McMahon agrees to ‘multimillion-dollar legal settlement’ with rape accuser

C-40

C-40

NEW AGE POSTING

[size=Report: McMahon agrees to ‘multimillion-dollar legal settlement’ with rape accuser[/size]​


McMahon stepped down as Chairman and CEO of WWE last summer amidst an investigation into a hush money scandal and allegations of sexual misconduct.
McMahon was still the controlling shareholder in the company after he resigned. Earlier this month, he used that power to name himself back to the Board of Directors and return to power as the Executive Chairman of WWE. He did this despite the obvious risks the company and shareholders incur given these allegations of sexual misconduct against him. One of these ongoing stories includes a rape accusations from Rita Chatterton, a former WWE referee. She alleges that McMahon raped her in the back of a limousine in 1986. According to a new report from the Wall Street Journal, McMahon has agreed to a multi-million dollar legal settlement with her.

Click Here For Full Story
 

Vince McMahon Walks Back WWE Coup, Sowing Split Among Investors​


WWE Inc. investors leading litigation over chairman Vince McMahon’s surprise return are fighting over the path forward, after McMahon rescinded certain bylaw changes that would have seized power from the company’s board.
The dispute involves three groups of shareholders that sued McMahon this month—including a pension fund—after he ended his self-imposed exile, which began when he stepped down in July while facing a wave of sexual harassment and hush money allegations stretching back more than 15 years. The lawsuits in Delaware’s Chancery Court accused McMahon of timing his comeback to seize control of upcoming negotiations over the WWE’s expiring media rights and forcing his way back by leveraging a threat to withhold support for any deal
reached without his participation.The move reinstalled McMahon as the head of a WWE royal family that includes his daughter, Stephanie—who stepped down as chairman and co-CEO in early January—and son-in-law, the former champion wrestler Paul “Triple H” Levesque, a member of the board.

Click Here For Full Story
 
New Report Reveals Additional Lawsuits Against Vince McMahon

Vince McMahon's return to WWE has been a chaotic one to say the least. The former CEO once again controls the company's board of directors as Executive Chairman and recently filed a written consent amendment with the Securities and Exchange Commission that would alter WWE's bylaws to give him even more control without shareholder approval, which has since been rescinded.
According to Bloomberg, there are a number of lawsuits against McMahon, brought by WWE shareholders, but the various suits are currently struggling to find a way forward in their fractured state. McMahon is facing lawsuits from two investors, including the Police & Fire Retirement Systems of Detroit, who are seeking a narrow suit that would seek to receive a fee for their role in forcing McMahon to rescind his changes to the bylaws. As McMahon has already changed the bylaws back to their original state, thus rendering their initial litigation "moot," their suit would only seek a minor fee. This is commonly referred to as a "mootness fee."

Click Here For Full Story
 

WWE Rumors: Latest on Vince McMahon's Creative Team Involvement Ahead of Royal Rumble​


Since returning to WWE's board of directors this month and getting reelected chairman of the board, Vince McMahon reportedly hasn't had any involvement with the company's creative decisions. According to Dave Meltzer of the Wrestling Observer Newsletter (h/t Subhojeet Mukherjee of ThirstyForNews.com), McMahon has not been in any creative meetings since returning. Meltzer noted that while McMahon has been back in the WWE offices in Stamford, Connecticut, he doesn't stay nearly as late as he used to when he was the company's head of creative from 1982 until 2022. The 77-year-old McMahon retired from his positions as WWE chairman, CEO and head of creative in July amid a WWE board of directors investigation that found he paid multiple women millions of dollars to remain silent about sexual relationships they had with him, as well as allegations of sexual misconduct in some cases.

Click Here For Full Story
 

New Lawsuit Against WWE Could Put Vince McMahon’s Board Seat in Jeopardy​


Former WWE CEO Vince McMahon may be kept off the WWE board amid a lawsuit filed by investor Dennis Palkon, originally filed on Jan. 26. Palkon is suing WWE Inc. for documents about the organization’s investigation into McMahon, which claimed the 77-year-old “raped and sexually assaulted employees and contractors over the course of decades.” Additionally, The Wall Street Journal reported in July that McMahon then paid over $12 million in "hush money" over the course of 16 years to quiet sexual misconduct and infidelity allegations. “There are serious questions about how Vince McMahon obtained and delivered those funds to his victims,” the complaint reads, via Bloomberg Law.

Click Here For Full Story
 

Nick Khan: Vince McMahon Would 100% Be Willing To Step Away From WWE For The Right Buyer​


WWE CEO Nick Khan says Vince McMahon would step away from WWE if the move was in the shareholders’ best interest. McMahon, who retired in July 2022 amid an internal investigation into alleged sexual misconduct and hush money, returned to the WWE Board of Directors on January 6, and he was voted the Executive Chairman of the Board on January 10. His return was centered around the negotiations for media rights deals and a potential sale. During WWE’s fourth quarter 2022 earnings call, a potential sale and the way McMahon’s involvement could affect it came up in the discussion. Khan was asked whether he could definitively say that McMahon would end his involvement with the company if it was in the shareholders’ best interest. He stated that McMahon has assured both the board and WWE management that he would do that because the primary focus is about the value for the shareholders.

Click Here For Full Story
 

WWE's Vince McMahon settles lawsuit by ex-ref alleging 1986 rape​


WWE executive chairman Vince McMahon, who returned to the company earlier this month, has settled a lawsuit from a former referee who accused him of raping her in 1986, his lawyer told The Wall Street Journal. The exact sum of the multimillion-dollar settlement with Rita Chatterton, which was completed last month, was undisclosed. The settlement extends a run of payments related to sexual misconduct allegations involving McMahon that totaled $19.6 million before this latest agreement. "Mr. McMahon denies and always has denied raping Ms. Chatterton," McMahon's personal lawyer, Jerry McDevitt, told The Wall Street Journal, which first reported the settlement. "And he settled the case solely to avoid the cost of litigation." WWE declined to comment.

Click Here For Full Story
 
You must log in or register to reply here.
Top