Pat McAfee
The WWE shareholder lawsuit trial has been cancelled after both parties reached an agreement in principle, with the settlement confirmed by Delaware Court of Chancery Administrator Tamara Burton and separately reported by Wrestlenomics’ Brandon Thurston.
The trial had been scheduled to begin on June 8 but was removed from the court calendar over the weekend. No financial terms of the settlement have been disclosed. Attorneys acting on behalf of WWE shareholders had claimed entitlement to nearly $1 billion based on expert reports.
A source close to Vince McMahon provided a statement to Fightful Select: “This exact kind of litigation follows every single transaction involving a public company. But here’s the key: Endeavor’s bid was by far the highest. It was signed off on by three separate independent banks — JP Morgan, Raine and Moelis. That’s why WWE’s Board of Directors gave their unanimous approval. The deal created the premier combat sports company. And the shareholders made an absolute fortune.”
The lawsuit, filed in 2023, alleged McMahon predetermined the merger deal with Endeavor to protect his position at the company amid sexual misconduct allegations rather than maximise shareholder value. McMahon, Nick Khan, Triple H, Mark Shapiro and Ari Emanuel had all been scheduled to testify. McMahon and Khan were previously sanctioned by the presiding judge for destroying evidence via Signal’s auto-delete function.
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