WWE Inc. chief Vince McMahon—who returned to the company in early January after resigning amid a wave of sexual harassment allegations—is facing investor litigation over claims that he pushed aside the board to illegally install himself as chairman.
A shareholder sued McMahon in Delaware’s Chancery Court, accusing him of wielding his 81% voting control to oust three board members, replace them with loyalists, and push through bylaw changes that would “impose his will on the board and WWE.”
A spokesperson for McMahon and WWE didn’t immediately respond to a request for comment Wednesday.
The dispute Tuesday comes about six months ...
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