Huge WWE Lawsuit Has Been DROPPED (WWE News)
WWE shareholders' lawsuit over the WWE-UFC TKO merger has been cancelled, though it is unclear whether a settlement has been reached.Summary
A WWE shareholders' lawsuit alleging that Vince McMahon pushed the WWE-UFC merger into TKO under Endeavor to preserve his own power, rather than seek better offers for shareholders, has been dropped or cancelled before a scheduled four-day Delaware Chancery Court trial. The case had gained significance after Vice Chancellor J. Travis Laster ruled that Vince McMahon, Nick Khan, Paul Levesque, Stephanie McMahon, and Brad Blum destroyed evidence through Signal auto-delete, meaning five "damaging facts" alleged by shareholders would be treated as "presumptively true," including that Endeavor CEO Ari Emanuel promised McMahon a continued role after the merger. The defendants included Vince McMahon, Nick Khan, Paul Levesque, George Barrios, and Michelle Wilson, while McMahon, Khan, Levesque, Emanuel, and TKO President and COO Mark Shapiro were among those expected to testify. Bloomberg reported the trial was removed from the court calendar, and Brandon Thurston confirmed with Delaware Court of Chancery administrator Tamara Burton that it was cancelled, but no settlement status has been confirmed.
(Source：Google News)