Vince McMahon resigned from all roles at WWE and its parent company TKO Group Holdings on January 26, 2024. This decision followed a lawsuit filed by a former WWE employee, Janel Grant. The lawsuit accused McMahon of sexual exploitation, including allegations of trafficking her to other WWE executives and other severe accusations. McMahon's resignation was confirmed by WWE president and TKO board member Nick Khan in an email to staff. McMahon had previously retired from WWE in 2022 amid misconduct investigations but rejoined the company in 2023. This led to the merger of WWE with UFC under the TKO Group, where McMahon served as the executive chairman until his recent resignation. He released a statement denying the allegations in the lawsuit and expressing his intent to defend himself vigorously.