Vince McMahon To Pay $1.65M Towards Attorneys Fees In Dropped WWE Shareholders Lawsuit

The amount of money WWE Executive Chairman Vince McMahon continues to pay due to previous lawsuits — or in this particular case, a dropped lawsuit — continues to rise. This time, it's going to cover attorneys fees.

Back in January, a class action lawsuit was filed against McMahon by WWE shareholders alleging a breach of fiduciary duty. Or put another way, acting against the interest of stockholders. Per an SEC filing this week, "McMahon agreed to make a payment to plaintiffs' counsel in the amount of $1,650,000 in attorneys' fees" after it was reported on Thursday that shareholders had dropped the lawsuit against him following a reimbursement payment he made to the company totaling $17.4 million. 

Since reinstating himself to the board and officially returning to WWE at the beginning of 2023, multiple lawsuits have been filed against the Executive Chairman. Though it wasn't exactly quiet for him during his time away either. McMahon "retired' last year in the wake of multiple allegations pertaining to sexual misconduct, abuse, and assault, as well as the hush money payments that went to multiple former female employees as a result.

More recently, and almost immediately following WrestleMania 39 in April, it was announced that WWE had agreed to merge with UFC as part of a purchase by Ari Emanuel's Endeavor Group. The collective value of the merger sat at a staggering $21 billion at the time, and despite McMahon's stated willingness to walk away from the company, Emanuel wanted to keep him on board going forward.