FILE - WWE chairman and CEO Vince McMahon speaks to an audience during a WWE fan appreciation event, Oct. 30, 2010, in Hartford, Conn. A former WWE employee filed a federal lawsuit Thursday, Jan. 25, 2024, accusing McMahon and another former executive of serious sexual misconduct. (AP Photo/Jessica Hill, File) (Jessica Hill, AP2010)

STAMFORD, Conn. – Wrestling icon Vince McMahon resigned Friday from WWE's parent company the day after a former employee filed a federal lawsuit accusing him and another former executive of serious sexual misconduct, including offering her to a star wrestler for sex.

McMahon stepped down from the board of directors at WWE’s parent company, TKO Group, according to a statement released late Friday. He continued to deny wrongdoing.

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