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- Vince McMahon resigned from the board of directors of WWE's parent company Friday evening.
- The resignation follows a lawsuit from a former WWE employee accusing the WWE executive of sexual misconduct.
- McMahon referred to the serious accusations as "baseless" and said he would defend himself in court.
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.