Update on Legal Action Being Taken Against Vince McMahon Following His WWE Return – PWMania

As PWMania.com previously reported, Vince McMahon has been reinstated to the WWE Board of Directors and is investigating the possibility of selling the company.

According to PWInsider.com’s Dave Scherer, he received an e-mail from a friend who is a party in the WWE shareholder derivative suit filed by Scott and Scott last June after the NDA allegations against Vince McMahon surfaced. You can read the complete e-mail below. The lawyers’ e-mail has been redacted to protect their clients’ privacy.

“I hope you have a great holiday season. I’m writing with an update on WWE. We have been working with the company for several months and have received several internal documents, which we have been reviewing. We expect to get an additional batch of documents this week.

You may also have seen the news this past week about Vince McMahon forcing his way back onto the board, along with a major board shakeup. As a result, we believe there is enough basis to bring a breach of a fiduciary lawsuit. We hope to file a complaint against McMahon and possibly other directors/officers for breaching their duties to WWE and its shareholders. We should have a draft for you to review in the next couple of days.

It will also require a signature on a one-page verification which we will also send. In the meantime, do you have a phone number we could use in case we need to contact you that way? Please let me know if you have any questions about anything.”

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