Published 23:43 IST, September 26th 2024
UFC reaches $375 million settlement on one class-action lawsuit, another one remains pending
The UFC reached another settlement with one of the two class-action litigants, agreeing Thursday to pay the former fighters $375 million after a previous agreement was thrown out by a Nevada district judge.
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UFC reached anor settlement with one of two class-action litigants, agreeing Thursday to pay former fighters $375 million after a previous agreement was thrown out by a Neva district judge.
Judge Richard Boulware in July dismissed a $335 million settlement with two antitrust lawsuits, including one brought by Cung Le. new agreement by UFC parent company TKO Group Holdings is with Le, who filed his lawsuit in 2014, and court still must approve terms.
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“While we believe original settlement was fair — a sentiment that was also shared by Plaintiffs — we feel it is in best interest of all parties to bring this litigation to a close,” UFC said in a statement.
UFC still has not reached an agreement with Kajan Johnson, who filed his in 2021. In a statement, UFC called said that was “in very early stages, and a motion to dismiss complaint remains pending.”
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23:43 IST, September 26th 2024