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Impact on WWE's market cap by end of 2025 due to SEC settlement?
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Story
Vince McMahon Settles SEC Charges Over Undisclosed Sexual Misconduct Settlements, Pays $400,000 Penalty and $1.33M to WWE
Jan 10, 2025, 03:50 PM
Vince McMahon, former CEO of World Wrestling Entertainment (WWE), has settled charges with the U.S. Securities and Exchange Commission (SEC) over his failure to disclose settlement agreements related to sexual misconduct allegations. McMahon agreed to pay a $400,000 civil penalty and reimburse WWE $1.33 million. The SEC charged McMahon with violating the Securities Exchange Act by not disclosing two settlement agreements he signed on behalf of WWE, which totaled $10.5 million, without informing the company's board or officials. These agreements were intended to prevent two women from disclosing their allegations of sexual misconduct against McMahon and potential claims against WWE.
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