Janel Grant, a former employee of WWE who received a payout from Vince McMahon has accused McMahon, the company and a former executive of sex trafficking in a new lawsuit, reported Khadeeja Safdar in The Wall Street Journal. Grant, who had signed a nondisclosure agreement in 2022 in which McMahon agreed to pay $3M for her to not discuss their relationship or to disparage him, alleged in a lawsuit filed Thursday that she was abused and sexually exploited by McMahon while he was CEO of the company, which has since become a unit of TKO Group. TKO shares are down 65c, or about 1%, to $87.26 in afternoon trading.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TKO:
- TKO Group’s WWE deal with Netflix is ‘transformative’, says Roth MKM
- TKO Group’s WWE Content Exclusively on Netflix by 2025
- TKO Group’s WWE Subsidiary Announces Netflix Partnership
- TKO Group Holdings Welcomes New Board Members Johnson and Keywell
- TKO Group Stock: Switching to Streaming is a Smart Move
