In the latest filings with the United States Securities and Exchange Commission, TKO revealed that they will be paying $105 million to settle the WWE shareholder lawsuit after an agreement was reached in early June to resolve all claims against all defendants.
The bulk of the settlement, around $75 million, will be covered by TKO’s insurance while WWE will pay the remaining $30 million which will be written off as a loss.
It remains unclear if WWE will try to recoup some of these losses through Vince McMahon, who was also one of the defendants.
The trial was canceled just days before it was expected to start, sparing McMahon and other WWE and TKO officials from testifying in what could have been a messy affair.
