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Update On Backstage WWE Atmosphere With The Vince McMahon Investigation Going On

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• Update On Backstage WWE Atmosphere With The Vince McMahon Investigation Going On

According to the The Wall Street Journal, WWE’s board is investigating a $3 million “hush-money settlement”, that Vince McMahon paid to a former female WWE employee over an alleged affair between them.

This ex-female employee was hired by WWE in 2019 as a paralegal. The January 2022 separation agreement doesn’t allow this ex-employee to discuss her relationship with Vince or disparage him.

WWE’s board began this investigation in April and a lot of old non-disclosure agreements were opened, which involved claims by multiple ex-WWE female employees of misconduct by Vince McMahon and John Laurinaitis (Head of WWE Talent Relations).

In an update on this situation, the following 5 law firms are now investigating this matter:

– Scott+Scott

– Rosen Law Firm

– Schall Law Firm

– Brager Eagel & Squire

– Labaton Sucharow

When this Vince McMahon news broke, WWE’s stock fell by 3%. These law firms are looking for shareholders (who suffered losses) to sign up with them, so they can launch a class-action lawsuit against WWE.

The press release of one of the firms stated:

“The Schall Law Firm Encourages Investors in World Wrestling Entertainment, Inc. with Losses of $100,000 to Contact the Firm.”

PWInsider gave the following update on the backstage WWE atmosphere right now:

“There is a lot of silence among employees as they are all waiting to see how bad this situation can get.

There’s been a real concern among some to keep their heads down and not get caught up in the mess, especially since they don’t know what executives will end up with larger amounts of power when the dust settles.”

Also Read: Ryback Takes A Shot At Vince McMahon After The Rock Buys Tamina A House & A Car

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• On This Day In Pro Wrestling History (June 22, 2009) – Old School Wrestling Legend Passed Away

On this day in 2009, we lost Old School Wrestling Legend Billy Red Lyons (Real name: William Snip) at the age of 77 due to cancer.

Canadian Wrestling Legend Billy Red Lyons wrestled for various territories during the 50s, 60s, 70s and early 80s.

In 1984, 1985 & 1986 Lyons was the announcer, interviewer & ring announcer for the World Wrestling Federation during their weekly TV show ‘WWF Maple Leaf Wrestling’.

His famous catchphrase was “Don’tcha dare miss it!”.

† REST IN PEACE BILLY RED LYONS

May 17, 1932 – June 22, 2009

        
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