Judges on the U.S. Court of Appeals in New York have ruled that Vince McMahon’s lawyers were wrong to not offer or present documents during a grand jury investigation into McMahon’s multimillion-dollar settlement agreements.
The appeals court supported, substantiated a lower court’s ruling that “McMahon and his lawyer illegally “circumvented the WWE’s internal controls and created false records when they concealed the employees’ claims and settlement agreements from the company, and that they made false and misleading statements to the company’s auditors.”
McMahon’s attorney had argued that the documents should be held under attorney-client privilege.
It is unclear how this affects the grand jury investigation into McMahon’s business dealings. McMahon claimed in the past that the probe had ended.
“In the end, there was never anything more to this than minor accounting errors with regard to some personal payments that I made several years ago while I was CEO of WWE. I’m thrilled that I can now put all this behind me,” McMahon wrote on social media.
The appeals court seems to disagree with McMahon though stating that today’s ruling “concerns proceedings currently before a grand jury. At present, no indictments have been issued.”
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