![]() ![]() McMahon returned to the company in January 2023 as executive chairman to lead efforts to sell WWE, which last year merged with UFC to form TKO Group Holdings as a separately traded public company in deal engineered by Endeavor. In March 2023, McMahon paid WWE $17.4 million for costs the company incurred in investigating misconduct allegations against him. As WWE’s chief exec, McMahon made payments totaling $19.6 million dating back to 2007 related to alleged misconduct, the company disclosed. McMahon stepped down as WWE’s CEO in June 2022 amid an investigation by the company’s board into alleged hush-money payments to women who accused him of sexual misconduct. (Reps for Netflix did not immediately respond to a request for comment on the lawsuit.) In addition to the Netflix deal, TKO Group announced that Dwayne Johnson has joined its board and that Johnson gained ownership of the trademarked name “The Rock.” ![]() The lawsuit was filed two days after TKO inked a 10-year deal with Netflix for WWE’s “Monday Night Raw” valued at $500 million per year, a significant step-up in fees for the franchise. Grant’s horrific allegations very seriously and are addressing this matter internally.” While this matter predates our TKO executive team’s tenure at the company, we take Ms. McMahon does not control TKO nor does he oversee the day-to-day operations of WWE. Reps for WWE and McMahon did not immediately respond to a request for comment.Ī spokesperson for TKO Group Holdings, the parent company of WWE and UFC, said in a statement: “Mr. The lawsuit seeks unspecified monetary damages as well as a declaratory judgment that a nondisclosure agreement Grant signed while she was a WWE employee is “void and unenforceable, and does not bar any of Plaintiff’s claims against Defendants McMahon and WWE.” A copy of the lawsuit is available at this link. The lawsuit alleges McMahon, Laurinaitis and WWE violated the Trafficking Victims Prevention Act, and includes claims of civil battery and intentional infliction of emotional distress in relation to years-long sexual and emotional abuse Grant said she endured as an employee of WWE. District Court for the District of Connecticut Thursday naming McMahon, WWE and former head of talent relations John Laurinaitis as defendants. The former WWE employee, Janel Grant, filed a lawsuit in U.S. A former employee of WWE sued founder Vince McMahon, alleging he abused and sexually exploited her when he was CEO of the wrestling-entertainment company - and that McMahon allegedly trafficked her to other men “as a pawn to secure talent deals” with prospective wrestlers the company was recruiting. ![]()
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