The suit said WWE began signing confidentiality agreements with potential bidders on February 6, 2023.
The deal saw Endeavor CEO Emanuel installed as TKOs CEO, with McMahon its executive chairman.
Nick Khan, another of the lawsuits defendants, was named WWEs president.
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TKO Sports began trading September 12 on the NYSE.
Deadline has reached out to TKO Group Holdings for comment on the suit.
