Wrestling icon Vince McMahon resigns from WWE after former employee files sex abuse lawsuit

STAMFORD, Conn. (AP) — 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.