Vince McMahon And Oliver Luck Reach Settlement In $24 Million Wrongful Termination Lawsuit

Oliver Luck and Vince McMahon will no longer be heading to trial as a settlement was reached in their lawsuit.

On June 15, 2022, it was believed that Oliver Luck and Vince McMahon would be going to trial on July 11 as reports surfaced that the former business partners had failed to reach a settlement in the wrongful termination lawsuit stemming from the relaunch of the XFL in 2020.

Vince McMahon Needed "Filtered" By WWE Creative Assistants

However, according to a new report from the Sports Business Journal, Luck and McMahon have, in fact, reached a settlement in the $24 million lawsuit and will no longer be heading to trial.

“The parties reached an agreement to resolve this case on June 16, 2022,” Oliver's lawyer, Paul Dobrowski wrote in a court filing. Currently, the terms of the settlement are unknown.

Luck was initially hired as the commissioner on a multi-year deal for at least $20 million per year. McMahon officially suspended XFL operations on April 10, 2020, laying off all employees. As noted in the complaint, Luck was fired on April 9. The XFL filed for bankruptcy on April 13.

A group led by Dwayne "The Rock" Johnson purchased the XFL in August 2020. The league is set to resume activities and operations in February 2023.

Fans can learn more about the lawsuit by clicking here.

McMahon is also dealing with investigations regarding a $3 million settlement paid to a former WWE employee, with whom he allegedly had a sexual relationship.

McMahon even voluntarily stepped away from his position as WWE CEO and is currently being replaced in the interim by his daughter, Stephanie McMahon. Learn more about the lawsuit here.

Get exclusive pro wrestling content on Fightful Select, our premium news service! Click here to learn more.
From The Web