Latest development on Vince McMahon's ongoing WWE shareholder lawsuit

Blesson has been a part of Khel Now since 2023, he covers Combat Sports & Gaming.

Published at :May 5, 2025 at 6:20 PM

Modified at :May 5, 2025 at 6:20 PM

(Courtesy : WWE)

Vince McMahon has been under lot of allegations

According to a recent report from Wrestlenomics, former WWE Chairman and CEO Vince McMahon is reportedly delaying or not fully complying with discovery in an ongoing shareholder lawsuit related to WWE’s merger with UFC’s parent company, Endeavor.

The lawsuit, which was filed in November 2023, is currently in the discovery phase, where both parties are required by law to share relevant information and evidence.

Court documents filed on April 29 and 30 show that the plaintiffs have asked the Delaware Court of Chancery to compel Vince McMahon to respond to outstanding discovery requests. These include the production of specific documents that have not yet been provided.

The shareholder group leading the lawsuit, spearheaded by the Laborers’ District Council and Contractors’ Pension Fund of Ohio, claims that McMahon predetermined the outcome of the merger with Endeavor and did not act in the best interest of WWE shareholders.

The plaintiffs are seeking all non-privileged documents and communication related to McMahon dating from January 1, 2022, to March 12, 2024. However, the specific documents being sought are sealed and remain unavailable to the public.

The court has reportedly given Vince McMahon a deadline of May 14 to formally oppose the motion to compel. If he does not respond by that date, the court may automatically grant the plaintiffs’ request, forcing McMahon to hand over the requested materials.

This legal battle centers around the accusation that the WWE Board of Directors and Vince McMahon failed in their fiduciary responsibilities by not conducting a fair and competitive sale process before agreeing to merge with Endeavor.

According to the complaint, Endeavor was not the highest bidder but was the only bidder that allowed McMahon to remain in power. Plaintiffs argue that McMahon pushed through the merger to retain control of the company, despite stepping down from WWE in 2022 amid a hush money scandal. He returned in early 2023 and played a key role in the eventual merger.

The all-stock deal between WWE and Endeavor officially formed TKO Group Holdings in 2023. Although McMahon lost his special Class B super-voting power in the merger, he still retained a top role as TKO’s Executive Chairman and remains a major shareholder.

If the lawsuit succeeds, WWE shareholders from the relevant time period could potentially receive financial compensation.

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Blesson

Blesson Daniel is a sub-editor who spends his days organizing words and managing social media, crafting bursts of creativity designed to make people smile. He occasionally dives into writing as well — whether it’s crafting articles, brainstorming ideas, or finding the perfect caption. Believing that every piece of writing offers an opportunity to tell a story, Blesson brings creativity and thoughtfulness to every project he takes on. When he’s not glued to his laptop, Blesson is likely planning his next travel adventure or losing himself in music. A passionate explorer of new places, sounds, and ideas, he believes in balancing work, play, and a good playlist in the background. Whether he’s editing, writing, or daydreaming about his next trip, Blesson is always chasing that sweet spot where creativity and curiosity collide to create something memorable.