The two lawsuits filed against WWE by shareholders due to Vince McMahon’s return to the board of directors have already been reported on the manner in which he returned. The third is covered New Bloomberg storyand focused on the behavior that led to McMahon’s brief retirement.
While the case filed by Carol Casale and Crystal Laval is not available to the public at this time. The Bloomberg report states that it makes “broader claims directly related to the sexual harassment accusations” and that the plaintiffs are “suing a lawsuit over McMahon’s alleged history of paying to cover up sexual harassment accusations.”
Unlike the first two lawsuits, which allege McMahon forced his way back into the board of directors by threatening to use his ownership of 81% of the voting shares to veto any potential sales or media rights, this new case is unlikely to be affected by WWE’s Jan. 16- Deposit with the Securities and Exchange Commission. That overturned the company’s bylaws changes from the January 5 SEC filing that Vince used to implement his comeback plan.
The plaintiffs in those cases — the Detroit Police and Firefighters Pension Fund, and investor Scott Fellows — now argue that their lawsuits forced “McMahon to scale back his ambitions.” As such, they are now seeking “mootness fees”. However, if their action remains related to the new lawsuit targeting McMahon’s alleged misconduct and associated hush money payments in a single class action, it will conflict with the fee request.
McMahon is reportedly seeking to resolve any outstanding legal issues so as not to interfere with efforts to sell WWE. Last week, he reportedly agreed to a “multi-million dollar legal settlement” with Rita Chatterton, the former referee who alleged Vince raped her in 1986.