WWE ends investigation into alleged misconduct by Vince McMahon - CNBC

World Wrestling Entertainment said Wednesday that a peculiar committee investigating alleged misconduct and concealed payments by erstwhile CEO Vince McMahon had disbanded.

"The Special Committee probe is present implicit and the Special Committee has been disbanded," the institution said successful a securities filing. "Management is moving with the Board of Directors to instrumentality the recommendations of the Special Committee related to the investigation."

McMahon retired successful July aft WWE said helium had paid retired astir $20 cardinal successful antecedently unrecorded expenses. McMahon is inactive the biggest shareholder successful WWE, and his daughter, Stephanie McMahon, is co-CEO.

"Mr. McMahon tin efficaciously workout power implicit our affairs," the institution said successful Wednesday's filing.

Almost $15 cardinal were paid to settee intersexual misconduct allegations from 4 women against McMahon implicit the past 16 years. He paid $5 cardinal to Donald Trump's now-defunct instauration done donations successful 2007 and 2009.

WWE, which has been mentioned arsenic a imaginable acquisition target, has suggested that the hush wealth payments are nether probe by different entities.

Shares of the company, which reported an summation successful quarterly revenue connected Wednesday, person bucked broader marketplace trends this year. The banal is up 57% done Wednesday's close.