Vince McMahon is facing a damaging lawsuit but one claim made in the suit is now being contested by a former WWE Board member.
Vince McMahon retired from WWE in July 2022 after it came to light he had made “hush money” payments to former WWE employee Janael Grant amid allegations of sexual misconduct.
WWE’s Board of Directors formed a special committee to investigate the claims made and the committee was led by then-board member Jeff Speed. Ultimately, it is not known what that committee uncovered in terms of McMahon’s behaviour but he was able to use his position as majority shareholder to force his way back into power in early 2023.
Speed was one of five WWE board members who left when McMahon returned to his position there, while he also brought back former board members George Barrios and Michelle Wilson upon his return.
Vince McMahon Lawsuit Claim Denied By Ex-WWE Director
One claim made by Grant in the lawsuit against WWE, Vince McMahon, and former Head of Talent Relations John Laurinaitis is that the committee investigating McMahon in 2022 did not reach out to her and the investigation itself is described as a “sham.”
In a statement made to the New York Times, Jeff Speed issued a statement through the law firm that handled the investigation – Simpson Thacher & Bartlett L.L.P. – where he noted:
I remain confident in our investigation which included outreach to Ms. Grant and engagement with her lawyer.
Speed also noted “the horrific nature of the allegations” made in the lawsuit but that he was “not at liberty to comment on what was and was not learned during our investigation.”
Vince McMahon has now quit his role as Executive Chairman of TKO after a major WWE sponsor pulled out of the Royal Rumble in the wake of the horrific allegations. Now that he is no longer majority shareholder in either WWE or TKO it looks like there is finally no way back to power for the 78-year-old.