Latest update on WWE lawsuit over TKO formation; Vince McMahon back in court

The latest update has come to light regarding the recent lawsuit filed against WWE over the TKO formation. Vince McMahon was also back in court.

In 2023, Vince McMahon and WWE made a shocking decision to sell the company to Endeavor, the parent company of the UFC. The deal was finalized for $21.4 billion, and TKO was formed. However, the deal resulted in several problems for the company, as shareholders sued, alleging that Vince McMahon had manipulated it to secure control of the company and even rejected higher offers. New details have now come to light regarding the lawsuit.

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According to Bloomberg News, Vince McMahon and former top WWE executives were back in Delaware Chancery Court this week over a shareholder lawsuit alleging that Signal-disappearing messages were used during the company’s merger negotiations with Endeavor. However, the defendants denied the allegations. McMahon’s attorney called the former WWE Chairman a “prolific texter” and said that he alone produced 22,000 messages across multiple platforms.

Vince’s attorney also said that data was preserved from his personal devices, even after they were seized by authorities amid the ongoing sexual misconduct investigation against him. However, the Signal data that investors are after wasn’t available for retrieval until October 2025.

The shareholder’s legal team argued that disappearing messages on Signal could have been relevant to the litigation. One of their attorneys said that the plaintiffs don’t have to prove “adverse inferences.” Just proving recklessness is sufficient. The shareholders allege that McMahon and WWE’s directors spoke candidly about the deal on Signal.

However, WWE’s attorneys argued that conversations regarding this deal took place the old-fashioned way via group chats, texts, lunches, phone calls, dinners, and voice memos, and those records were already produced.

The hearing was adjourned without a ruling on the motion.

Stevie Richards slammed WWE over recent Vince McMahon references

Vince McMahon is in no way associated with WWE since he left the company a few years ago. However, in recent weeks, the sports entertainment juggernaut has referenced the former WWE chairman. During Cody Rhodes’ segment with Stephanie McMahon, he informed the latter that she wasn’t her father. Even when CM Punk confronted Roman Reigns, he told him that he used to eat dog food for a “weird old man.”

Speaking on the Stevie Richards Show, the former WWE star called it a desperate move by the Stamford-based promotion.

“I don’t know why they’re also bringing up Vince, even as the old man and your father and all this stuff and dipping the toe in the water, because that’s exactly what they’re doing. It’s a mix between dipping the toe in the water, and I can’t think of another word, but this one: desperation. It’s sort of like you’re taking an awful chance of either generating interest by bringing up such a polarizing character or completely turning off a good portion of the audience,” he said.