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Stock impact report

Vince McMahon calls sexual misconduct allegations against him 'pure fiction' [FOX News]

TKO Group Holdings, Inc. Class A (TKO) 
Company Research Source: FOX News
Former WWE boss Vince McMahon pushed back on sexual abuse and sex trafficking allegations against him in a court filing on Tuesday, calling the claims "pure fiction." McMahon's response was filed in U.S. District Court in Connecticut. Janel Grant filed a lawsuit against McMahon and former WWE executive John Laurinaitis in January and claimed McMahon lured her to the company with the promises of a stellar career, only to be sexually exploited by him and people he called his "friends" between 2019 and 2022. The billionaire denied the allegations as he stepped down as executive chairman of TKO Group Holdings. He further intimated that in Tuesday's response. "The Complaint's outrageous claims of sexual abuse and coercion are pure fiction—plainly intended to garner publicity—and are flatly contradicted by Plaintiff's own contemporaneous statements," McMahon's filing said. "Contrary to Plaintiff's false allegations, Plaintiff and Defendant (collectively, the ‘Parties') engaged in a c Show less Read more
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