Vince McMahon resigned Friday from his role as TKO Executive Chairman and from his position on the TKO Board of Directors amid a lawsuit alleging sexual misconduct, ESPN reported.
McMahon announced his resignation from TKO, the publicly traded company created from last year’s merger of UFC and WWE, in a statement to ESPN. McMahon’s decision reportedly comes in the wake of a lawsuit filed Thursday by Janel Grant, a former employee in WWE’s legal and talent departments.
The lawsuit, filed in U.S. District Court in Connecticut where WWE is headquartered, accuses McMahon of allegedly forcing Grant into a sexual relationship and distributing pornographic images and videos of her, ESPN reported.