McMahon agreed to reimburse WWE for investigation into misconduct allegations
World Wrestling Entertainment Inc. (WWE) on Friday said Executive Chairman Vince McMahon agreed to pay the pro-wrestling media giant around $17.4 million to cover costs the company took on related to a board committee investigation into allegations of sexual misconduct. "Such payment was made" on Thursday, WWE said in a filing. That agreement covered any costs incurred through Jan. 31 related to that investigation, as well as those related to "revisions to the Company's financial statements and other related matters." The agreement also said that McMahon will "review in good faith and reimburse" WWE for extra costs after that date. Shares of WWE were unchanged after hours. McMahon left WWE last year amid the allegations, but returned to the company this year.
-Bill Peters
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March 24, 2023 18:45 ET (22:45 GMT)
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