Brandon Thurston is reporting the upcoming WWE/TKO merger lawsuit has suddenly been cancelled. He hasn't heard whether or not a settlement has been reached or if one is being drawn up.
The is a very sudden end to this interesting legal saga.
Now the lawsuit was not against WWE or TKO specifically, rather it was a suit against WWE executives who helped Vince McMahon facilitate a deal which would keep him in power, rather than a fair bidding process, predetermining the merger with UFC and undervaluing the company.
A move that shareholders claim costs them almost a billion dollars.
Recent losses in the preliminary hearings saw Vice Chancellor J. Travis Laster sanction Vince McMahon and WWE President Nick Khan for reckless destruction of evidence. The prosecution proving that Khan and Co. used the encrypted messaging app Signal with auto-delete features turned on, destroying potentially relevant communications
Judge Travis Laster also ruled in favor of reporter Brandon Thurston challenging redacted items in the lawsuit. The defense argued that the disclosure would damage professional relationships within and outside of WWE, in addition to causing harm to the individuals identified, and it would erode confidence among stakeholders. Judge Laster did not agree.
On the night of this decision, citizens in Stamford, Connecticut posted a video of the US flag on top of WWE Headquarters flying off and crashing into a power pole where it caught fire.