WWE's Shane McMahon Named In New Lawsuit

Shane-O-Mac named amongst those in new lawsuit against Ideanomics.

By Andrew Pollard / August 7, 2020

WWE

Fresh off his return to WWE TV to head up WWE Underground, Shane McMahon has now been named in a new lawsuit.

Said lawsuit is being made against Ideanomics, where Shane-O-Mac serves as Vince Chairman of the Board. The company deals in commercial electric vehicles and next financial services.

A new shareholders lawsuit includes Shane and several members of the Ideanomics executive board in a claim accusing them of “breaches of their fiduciary duties, unjust enrichment, abuse of control, gross mismanagement, waste of corporate assets” and violation of certain other regulations.

While the lawsuit itself is a massive document, one notable element is that McMahon loaned the company $3 million at one point in time. As of November 2019, Shane also owned $2.1 million worth of company in stock.

All of this was first reported on by HeelByNature, and it remains to be seen just how all of this will play out for Shane McMahon and his Ideanomics cohorts.

In a WWE sense, Shane returned to TV this past Monday to introduce a new underground fighting league which most certainly raised eyebrows.

Authored by Andrew Pollard

Senior Writer

Once described as the Swiss Army Knife of WhatCulture, Andrew can usually be found writing, editing, or presenting on a wide range of topics. As a lifelong wrestling fan, horror obsessive, and comic book nerd, he's been covering those topics professionally as far back as 2010. In addition to his current WhatCulture role of Senior Content Producer, Andrew previously spent nearly a decade as Online Editor and Lead Writer for the world's longest-running genre publication, Starburst Magazine, and his work has also been featured on BBC, TechRadar, Tom's Guide, WhatToWatch, Sportkskeeda, and various other outlets, in addition to being a Rotten Tomatoes-approved film critic. Between his main dayjob, his role as the lead panel host of Wales Comic Con, and his gig as a pre-match host for Wrexham AFC games, Andrew has also carried out a hugely varied amount of interviews, from the likes of Robert Englund, Kane Hodder, Adrienne Barbeau, Rob Zombie, Katharine Isabelle, Leigh Whannell, Bruce Campbell, and Tony Todd, to Kevin Smith, Ron Perlman, Elijah Wood, Giancarlo Esposito, Simon Pegg, Charlie Cox, the Russo Brothers, and Brian Blessed, to Kevin Conroy, Paul Dini, Tara Strong, Will Friedle, Burt Ward, Andrea Romano, Frank Miller, and Rob Liefeld, to Bret Hart, Sting, Mick Foley, Ricky Starks, Jamie Hayer, Britt Baker, Eric Bischoff, and William Regal, to Mickey Thomas, Joey Jones, Phil Parkinson, Brian Flynn, Denis Smith, Gary Bennett, Karl Connolly, and Bryan Robson - and that's just the tip of an ever-expanding iceberg.

Posted On: 7th Aug 2020

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