WWE, Vince McMahon Reportedly Resolve Dispute In Shareholder Lawsuit Settlement

WWE and Vince McMahon have handled their dispute over the settlement in the WWE shareholder lawsuit, according to a new filing. As previously reported, a planned settlement in the lawsuit was delayed earlier this month after a dispute between McMahon and the rest of the defendants arose over insurance and indemnification, which will have an impact on who pays how much of the settlement.

According to Brandon Thurston, that dispute is over. WWE’s attorney filed a letter in which he said the issues between the two sides in the lawsuit have been resolved, and they are waiting on the insurance carriers to sign off on the agreement. The judge overseeing the case has entered an order as of yesterday “approving the request to report back today.”

Thurston noted that if the insurers sign off and the settlement is filed, it could be on the docket within the next day. The full settlement amount comes to $147.5 million.

The lawsuit was filed in November of 2023 against Vince McMahon, Nick Khan, Triple H, George Barrios, and Michelle Wilson. It alleged that the TKO merger resulted in damages to WWE shareholders by undervaluing WWE. It alleged that WWE’s investigation into McMahon on sexual misconduct allegations was a “sham” and that McMahon manipulated the sale process to Endeavor for his benefit. The claim was that this ultimately breached the defendants’ fiduciary duty to shareholders.