Lawsuit Against Vince McMahon Has Been Dropped

Bloomberg Law has a story about the WWE shareholders who filed a lawsuit against Vince McMahon. 

They had been seeking repayment of $17.4M that the company spent investigating the Chairman after last summer’s hush money scandal.

The judge in the case granted the dismissal. The article also noted:

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.

The case is In re World Wrestling Ent. Inc. Deriv. Stockholder Litig., Del. Ch., No. 2023-0039, 5/3/23.

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