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As Mike Johnson reported earlier, The Wall Street Journal has a story today chronicling the sexual impropriety allegations made by Rita Chatteron decades ago, which are now allowed to be used to seek compensation under a recent New York law. The story reports that Chatterton sent a demand letter to McMahon’s represtentative on 11/3, asked for $11.75 million in damages for the assault she claims took place in McMahon’s limousine.
The story also states that a second woman, a spa manager from California, has made claims of assault against McMahon as well. She too did so under a new California law that allows a window for victims to seek compensation from the alleged attacker.
WSJ reported that, “Mr. McMahon has told people he refuses to pay settlements to Ms. Chatterton and the former spa manager, people familiar with his comments said.”
Of course McMahon stepped down from his roles of CEO and head of creative back in July when hush money payments to four were reported. But as it turns out, he is apparently eyeing a comeback to the company.
WSJ reported, “The 77-year-old Mr. McMahon also has told people that he intends to make a comeback at WWE, according to the people familiar with his comments. He has said that he received bad advice from people close to him to step down and that he now believes the allegations and investigations would have blown over had he stayed, these people said.”
Wall Street is not happy with any aspect of this story as the stock is currently down $1.20 per share.
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