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

CeeJay

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[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.


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CeeJay

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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leading litigation over chairman Vince McMahon’s surprise return are fighting over the path forward, after McMahon rescinded certain bylaw changes that would have seized power from the company’s board.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.


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CeeJay

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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."


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