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Vince McMahon attends a press convention at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey.
Michael N. Todaro | Getty Photos
World Wrestling Leisure’s board is investigating a $3 million hush-money settlement that CEO Vince McMahon paid a girl over an alleged affair, The Wall Road Journal reported Wednesday, citing paperwork and folks accustomed to the matter.
The settlement is meant to stop the lady, who had labored as a paralegal for the corporate, from discussing her relationship with McMahon or making vital statements concerning the chief govt, the Journal added.
A WWE spokesman advised the newspaper that the corporate is cooperating with the board’s investigation and that the connection between McMahon and the lady was consensual.
McMahon, 76, is married to Linda McMahon, who served as CEO of WWE and as Small Enterprise Administration chief within the Trump administration.
WWE did not instantly reply to a request for remark from CNBC.
The board retained Simpson Thacher & Bartlett LLP, a New York-based regulation agency, to conduct the investigation, a supply advised the Journal. The agency did not instantly reply to a request for remark from CNBC.
McMahon’s lawyer, Jerry McDevitt, was not instantly out there for remark.
McDevitt advised the Journal that the previous worker did not make any harassment claims towards McMahon. He additionally mentioned that WWE did not pay her any cash, the paper mentioned.
Learn the complete Wall Road Journal report right here.
This can be a creating story. Test again for updates.
– CNBC’s Candice Choi contributed to this report.
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