The lawsuit sought to question the circumstances surrounding the Stamford-based promotion’s sale to Endeavor in 2023. It alleged that the process was not designed to seek maximum value for shareholders but instead steered toward Endeavor so that Vince McMahon would end up in a favorable position after the deal.
A trial was scheduled this year, but the lawsuit has been settled. According to Bloomberg Law, the new court filing on Friday, August 7, has revealed that McMahon and his insurers have agreed to pay $42.5 million as part of the settlement.
This comes after WWE’s previously reported $105 million contribution, taking the total value of…
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