TKO Executive Chairman of the Board Vince McMahon is noticed all the way through a rite pronouncing Dwayne “The Rock” Johnson has joined the Board of Directors for TKO at New York Stock Exchange on January 23, 2024 in New York City.
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The co-defendant within the bombshell lawsuit accusing former WWE boss Vince McMahon of sexual abuse and intercourse trafficking has agreed to cooperate with and provides proof to the lady suing the professional wrestling tycoon and the corporate.
The co-defendant, John Laurinaitis, additionally reached a confidential agreement with McMahon’s accuser, Janel Grant, in step with a remark issued via their representatives on Wednesday.
A submitting Wednesday in U.S. District Court in Connecticut presentations that attorneys for Grant and Laurinaitis agreed to brush aside her lawsuit towards because it applies to the previous wrestler and WWE government with prejudice, this means that that it can’t be refiled.
“John Laurinaitis has agreed to cooperate and provide evidence in Janel Grant’s lawsuit against Vince McMahon and WWE,” the reps mentioned within the remark acquired via NBC News.
“His agreement to a confidential settlement is a pivotal next step toward holding McMahon and WWE accountable and bringing justice to Ms. Grant after years of sexual abuse and trafficking,” the reps mentioned.
“Mr. Laurinaitis looks forward to moving on with his life. We cannot provide any additional details at this time.”
CNBC has asked remark from lawyers for McMahon and WWE.
When Grant first sued the defendants in January 2024, a spokesman for McMahon mentioned, “This lawsuit is replete with lies, obscene made-up instances that never occurred, and a vindictive distortion of the truth.”
Grant’s agreement with Laurinaitis comes 3 weeks after she filed an amended civil grievance towards him, McMahon, and WWE.
McMahon resigned as the manager chairman of the board of TKO Group Holdings — the mum or dad corporate of WWE and Ultimate Fighting Championship — in January 2024 after Grant filed her lawsuit.
In January 2025, McMahon agreed to settle administrative fees filed via the Securities and Exchange Commission alleging he violated federal securities regulations via failing to tell WWE’s board of administrators that he had signed non-disclosure agreements with two girls whom he promised to pay $10.5 million to stay quiet about his sexual habits.
McMahon agreed to pay a $400,000 civil penalty if so, and reimburse the WWE $1.3 million after consenting to an order discovering he violated a securities regulation.
McMahon’s spouse, former WWE government Linda McMahon, is lately serving as secretary of the U.S. Education Department below the couple’s pal, President Donald Trump.
In October, each McMahons, WWE and TKO Holdings had been sued in a grievance in Baltimore County, Maryland, accusing Vince McMahon of being conscious about however failing to prevent a wrestling ringside announcer from luring so-called “ring boys” as younger as 12 and 13 years previous to paintings on ring crews “to sexually abuse them” within the 1980s and 1990s.
A attorney for Vince McMahon advised NBC News on the time of the swimsuit that they had been in line with previous “false claims.”
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