McMahon is under investigation for alleged hush money payments to four women, who accused him of sexual misconduct.
Vince McMahon—World Wrestling Entertainment’s executive chairman—was served a federal search warrant and a grand jury subpoena last month, according to a regulatory filing on Wednesday, amid an investigation into McMahon over alleged hush money payments he made to four women.Key Facts
Federal law enforcement agents executed a search warrant and subpoena on McMahon on July 17, according to a Securities and Exchange CommissionThe WWE also said it received voluntary and compulsory requests for documents concerning the investigation and “related subject matters.” WWE CEO Nick Khan announced during the company’s second-quarter earnings call on Wednesday that McMahon was on medical leave, after McMahon underwent spinal surgery two weeks ago.
The company completed its own investigation into McMahon last year, according to the filing, though its findings were not publicly released.$410.3 million. That’s how much the WWE earned in second-quarter revenue, according to the filing, an increase over the $328 million earned last year.
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