Vince McMahon may not have had the best of months, but until today, he has one less thing on his plate. McMahon and former XFL Commissioner Oliver Luck moved to resolve the multi-million dollar claim between 2 parties on June 20th, and a jury officially dismissed the claim on June 29th, according to a source.
According to reports, both parties reached a confidential settlement nor will have to pay the other’s legal bills. Luck filed a wrongful termination lawsuit against McMahon and the XFL, seeking $24 million in unpaid compensation. This prompted McMahon to file a countersuit, claiming that the XFL fired Luck for cause after he signed former NFL Wide Receiver Antonio Callaway, who was mentioned for possession of marijuana in 2018.
When filing for the now-granted dismissal, Wrestlenomics’ Brandon Thurston announced on June 20th that both parties in the lawsuit had amicably resolved the matter and wished each other well in future endeavours. With the lawsuit behind him, McMahon can now concentrate on the current WWE board of directors inquiry into a series of hush money payments made by the WWE chairman and CEO to former female employees, totaling more than $12 million over the last 16 years.
McMahon has since resigned as CEO, and his daughter Stephanie has taken over in the meantime. Despite the enquiry, McMahon retains control over the creative direction of the company. The revelations about McMahon’s non-disclosure contracts and accusations of harassment and abuse caused a drop in WWE stock, and the corporation is currently investigating by a number of law firms to determine if it breached its fiduciary responsibilities to shareholders, or even violated securities laws, in its handling of the investigation.
Vince McMahon Supposedly Paid $12 Million In Hush Cash
The wrestling world has been reacting all day to the Wall Street Journal’s latest bombshell report, which disclosed that former WWE CEO and Chairman Vince McMahon supposedly paid $12 million in hush cash to cover up three cases of affairs/sexual misbehaviour involving former WWE talent or contractors. Mickie James, a current Impact star, has spoken out about the allegations. The former 4-time Impact Knockdowns Champion took to Social media in an attempt to lighten the mood.
No wonder I didn’t get that raise, James said just before posting a shrug emoji and a gif of her saying What? for good measure. James, who has worked for WWE twice in her career, has had her fair share of contentious moments. Following her second release from WWE in 2021, James revealed that WWE had returned her belongings in a garbage bag; the resulting outrage over WWE’s diagnosis of her and other former female talents who informed similar tales to James’ resulted in the sacking of Senior Director of Talent Relations Mark Carrano.