TKO Government Chairman of the Board Vince McMahon is seen throughout a ceremony saying Dwayne “The Rock” Johnson has joined the Board of Administrators for TKO at New York Inventory Change on January 23, 2024 in New York Metropolis.
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The co-defendant within the bombshell lawsuit accusing former WWE boss Vince McMahon of sexual abuse and intercourse trafficking has agreed to cooperate with and provides proof to the girl suing the professional wrestling mogul and the corporate.
The co-defendant, John Laurinaitis, additionally reached a confidential settlement with McMahon’s accuser, Janel Grant, in response to a press release issued by their representatives on Wednesday.
A submitting Wednesday in U.S. District Courtroom in Connecticut reveals that legal professionals for Grant and Laurinaitis agreed to dismiss her lawsuit towards because it applies to the previous wrestler and WWE government with prejudice, which implies that it can’t be refiled.
“John Laurinaitis has agreed to cooperate and supply proof in Janel Grant’s lawsuit towards Vince McMahon and WWE,” the reps mentioned within the assertion obtained by NBC Information.
“His settlement to a confidential settlement is a pivotal subsequent step towards holding McMahon and WWE accountable and bringing justice to Ms. Grant after years of sexual abuse and trafficking,” the reps mentioned.
“Mr. Laurinaitis appears ahead to shifting on together with his life. We can not present any further particulars presently.”
CNBC has requested remark from attorneys for McMahon and WWE.
When Grant first sued the defendants in January 2024, a spokesman for McMahon mentioned, “This lawsuit is replete with lies, obscene made-up situations that by no means occurred, and a vindictive distortion of the reality.”
Grant’s settlement with Laurinaitis comes three weeks after she filed an amended civil criticism towards him, McMahon, and WWE.
McMahon resigned as the manager chairman of the board of TKO Group Holdings — the mother or father firm of WWE and Final Preventing Championship — in January 2024 after Grant filed her lawsuit.
In January 2025, McMahon agreed to settle administrative costs filed by the Securities and Change Fee alleging he violated federal securities legal guidelines by failing to tell WWE’s board of administrators that he had signed non-disclosure agreements with two ladies whom he promised to pay $10.5 million to maintain quiet about his sexual conduct.
McMahon agreed to pay a $400,000 civil penalty in that case, and reimburse the WWE $1.3 million after consenting to an order discovering he violated a securities legislation.
McMahon’s spouse, former WWE government Linda McMahon, is presently serving as secretary of the U.S. Training Division underneath the couple’s pal, President Donald Trump.
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