UFC Reaches Revised, Sweetened Settlement In Class Action Antitrust Lawsuit

UFC today announced a revised and sweetened $375 million settlement of a class action antitrust lawsuit after a judge threw out the first agreement, which totaled $335 million.

The company, which is part of TKO Group, issued a statement saying, “We have reached a revised agreement with Plaintiffs to settle the Le case with terms that we believe address Judge Boulware’s stated concerns.  While we believe the original settlement was fair — a sentiment that was also shared by Plaintiffs — we feel it is in the best interest of all parties to bring this litigation to a close. As for the Johnson case, that process is in very early stages, and a motion to dismiss the complaint remains pending.”

The case in question today is Le et al. v. Zuffa, a consolidation of five separate suits where former UFC athletes alleged violations of Section 2 of the Sherman Act. The plaintiffs and the company had agreed to the earlier settlement but it was rejected by Judge Richard Boulware of U.S. District court in Nevada in July, who must also approve this latest proposal.

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