Vince McMahon resigns from WWE following allegations of sexual misconduct

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Days after he was accused of sex trafficking and sexual abuse, Vince McMahon has resigned from all his roles at WWE and its parent company, TKO, a source familiar with the situation told Fox News Digital Friday. "I stand by my prior statement that Ms.

Grant's lawsuit is replete with lies, obscene made-up instances that never occurred and is a vindictive distortion of the truth," McMahon said in a statement. "I intend to vigorously defend myself against these baseless accusations and look forward to clearing my name."However, out of respect for the WWE Universe, the extraordinary TKO business and its board members and shareholders, partners and constituents and all of the employees and superstars who helped make WWE into the global leader it is today, I have decided to resign from my executive chairmanship and the TKO board of directors, effective immediately." A lawsuit against McMahon was filed in Connecticut Thursday by Janel Grant, who alleged in a 67-page complaint that McMahon lured her to the company with promises of a stellar career, only to be sexually exploited by him and people he called his "friends" between 2019 and 2022.The lawsuit says Grant signed a nondisclosure agreement (NDA) in 2022 in which McMahon agreed to pay $3 million in exchange for her not disclosing their relationship or disparaging him.