Plaintiffs in the WWE shareholder lawsuit have asked the Delaware Court of Chancery to compel Vince McMahon to respond to discovery requests, including by producing certain documents.
Filings were submitted on Tuesday and Wednesday regarding their request.
Brandon Thurston of Wrestlenomics notes, "Vince McMahon appears to be resisting or delaying full compliance with discovery in the ongoing WWE shareholder lawsuit filed last year over the TKO merger."
The Laborers’ District Council and Contractors’ Pension Fund of Ohio is leading a shareholder group who claim McMahon predetermined the process that led to WWE merging with UFC’s parent Endeavor. The lawsuit was originally filed in November 2023.
The case is in the discovery phase.
The court has given McMahon until May 14 to oppose the motion. If he doesn’t, the court could automatically grant the plaintiffs’ request.
The lawsuit alleges that McMahon pushed a “quick sale” of WWE to Endeavor chief Ari Emanuel, who is labeled as McMahon's “close friend and longtime ally” who "proposed a sweetheart deal" that allowed the McMahonl to stay on as executive chairman of TKO Group and avoid scrutiny in connection with sexual misconduct allegations. According to the complaint filed by investors, WWE board members “conjured up a sham sales process” designed to favor Endeavor and “exclude other bidders seeking to axe” McMahon, disregarding at least two all cash offers with betters terms.
Fans can learn more about the lawsuit by clicking here.
