Detroit police and firefighters sue Vince McMahon about WWE’s comeback

The Detroit Police and Fire Retirement System has sued WWE’s Vince McMahon in an attempt to prevent his recent return as company leader.

Detroit’s cops and smoke-eaters are investors in WWE and are hoping to stop McMahon from retaking control of the company’s board of directors, sports business outlet Sportico reported Tuesday.

McMahon, now 77, was ousted in July 2022 An internal investigation revealed that he was guilty of the following: made hush money payments to four women To cover up sexual misconduct allegations.

Though McMahon formally “retired” from any leadership position within WWE, he maintained a majority of the voting shares in the company. These shares were used by McMahon earlier in the month. reinstall himself and two pals On the board of directors.

Detroit’s police and fire pension system on Thursday accused McMahon of violating company bylaws and state laws in Delaware, according to Sportico. The suit was filed at Delaware Chancery Court. WWE is chartered here.

Sportico reported that Scott Fellows, a WWE shareholder, had filed a nearly identical suit two days prior. Detroit police filed the suit to obtain class-action status.