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Related Press
Aug 2, 2023, 01:40 PM ET
Federal regulation enforcement brokers executed a search warrant and served a federal grand jury subpoena to WWE govt chairman Vince McMahon final month, in line with a regulatory submitting.
McMahon can be taking medical depart from the sports activities leisure firm following main spinal surgical procedure almost two weeks in the past, CEO Nick Khan introduced Wednesday. The length of his depart was not specified.
WWE stated within the submitting with the Securities and Trade Fee that whereas authorities investigations into McMahon stay ongoing, no prices have been introduced in them.
The corporate stated it has acquired voluntary and obligatory authorized calls for for paperwork, together with from federal regulation enforcement and regulatory companies, regarding the investigation and associated topic issues.
“WWE has cooperated all through and totally understands and respects the federal government’s want for an entire course of,” the corporate stated in a press release.
The Wall Avenue Journal had reported final 12 months that the WWE was investigating an alleged $3 million payment from McMahon to a departing feminine worker following an alleged affair. WWE’s investigation into the misconduct allegations was accomplished final 12 months.
“In 2022, WWE fashioned a particular committee to assessment allegations of misconduct in opposition to me,” McMahon stated in a press release. “That assessment was concluded in November 2022 following an in depth investigation. All through this expertise, I’ve all the time denied any intentional wrongdoing and proceed to take action. I’m assured that the federal government’s investigation will probably be resolved with none findings of wrongdoing.”
