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topicnews · September 27, 2024

UFC’s chief executive walks away with a larger sum of 5 million in a collective lawsuit against former fighters.

UFC’s chief executive walks away with a larger sum of $375 million in a collective lawsuit against former fighters.

The UFC companies have reached a $375 million settlement in a lawsuit filed by former athletes.

The settlement agreement, disclosed by TKO, the UFC’s parent company, through a filing with the U.S. Securities and Exchange Commission (SEC), is expected to resolve all disputes for a total sum of $375 million, subject to approval by U.S. District Judge Richard Boulware in Las Vegas.

The details of the settlement have not yet been publicly disclosed at trial, and details such as any admissions or denials of wrongdoing by the company are still under wraps.

The plaintiffs in Le v. Zuffa lawsuits allege that the UFC used its dominant position in mixed martial arts (MMA) to minimize its athletes’ chances of receiving offers from other promoters, and argued that the UFC compensated fighters through a “series of exclusionary and “anti-competitive acts” have been unreasonably reduced.

The lawsuit, originally filed in December 2014 by former fighter Cung Le as well as Nate Quarry, Jon Fitch and others, involved athletes who fought for the UFC between December 2010 and June 2017, such as Berger Montague, the plaintiffs’ law firm, announced. Last year, Boulware granted joint-claim status to fighters who fought for the UFC in the United States during that period.

The UFC filed a motion to dismiss the case in 2015, but the court refused.

UFC and the plaintiffs originally agreed to a $335 million settlement that included both Le v. Zuffa litigation as well as a separate lawsuit, but Boulware rejected that settlement, Reuters reported, because of the distribution of funds to plaintiffs.

“We have reached a revised agreement with the plaintiffs to resolve the Le lawsuit, taking into account the concerns raised by Judge Boulware,” the UFC told CNN.

“While we found that the original settlement was fair – a view shared by the plaintiffs – we believe it is obviously in everyone’s best interest to end this litigation.”

The nine-figure comparison only relates to the le v. Zuffa trial, during Johnson v. The Zuffa lawsuit, which is pending against the UFC, remains unresolved. The Johnson trial is still in its early stages and a motion to dismiss is pending, according to the UFC’s statement.

“We believe this new proposed settlement for the Le trial is a great outcome for the class of UFC fighters we represent,” Berger Montague told CNN. “If approved, it would provide a significant boost to the earnings of over 1,000 fighters who have fought in the UFC during their fighting careers.”

“We look forward to submitting the proposed settlement to the court shortly for preliminary approval. We are also committed to pursuing the Fighter Class’s claims in the subsequently filed Johnson lawsuit, including claims for an injunction against the UFC.”

The Johnson Process, initiated by former UFC fighters Kajan Johnson and CB Dollaway, is similar to the Le Process and throws

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