According to wrestlezone.com, Chris Harrington of WrestleNomics has uncovered a lawsuit filed against Shane McMahon during last month on 14th March 2016, regarding to YOU On Demand Securities trading.
Also read: WWE News: ECW Original Balls Mahoney passes away at age 44
Shane McMahon was the CEO of YOU On Demand, a multi-platform entertainment service company, until 2013. He still remains as the company’s principal executive officer and Vice Chairman of the Board. The lawsuit which is related to tradings that happened in You On Demand, directly mentions Shane’s name in several places.
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You can view the full lawsuit here.
WWE is lucky that the news didn’t break out during last month, the month leading to WrestleMania. The news would have made a big splash and WWE would have found it hard to manage the backlash given that the build-up for WrestleMania was not that great.
In another update, Titus O’Neil’s suspension has officially ended. Titus got into hot waters with WWE when he grabbed Vince McMahon’s arm during Daniel Bryan’s retirement speech on February 8. Titus was initially suspended for 90 days. In the wake of a severe backlash from the fans, WWE reduced the suspension to 60 days.
Though the suspension was reduced, Titus’s suspension cost him severely in terms of momentum as he was just getting the much deserved push after a long time. It was also rumoured that Vince was initially planning to terminate Titus. Given all these indications, the powerhouse receiving any more push from WWE is going to be a big question mark.
If WWE wills, Titus could return to the ring as soon as next week.
