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At least one WWE shareholder isn’t happy with Vince McMahon’s return to the company.
Per Mike Leonard of Bloomberg Law, a class action lawsuit filed against McMahon in the state of Delaware accuses him of illegally using his majority voting control to oust three board members and replace them with people loyal to him and push through changes that would “impose his will on the board and WWE.”
Moonlight Graham @ReeceKelleyG
A class action lawsuit has been launched against Vince McMahon.
A shareholder is suing McMahon in Delaware, accusing him of wielding his ~81% voting control to impose his will on $WWE illegally. Cites board changes, threats to interfere w/ media rights.https://t.co/AN8ApJMuOK pic.twitter.com/cKhkG8WCDg
This article will be updated soon to provide more information and analysis.
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