UFC reaches new $375 million agreement in antitrust lawsuit with Le plaintiffs

UFC reaches new $375 million agreement in antitrust lawsuit with Le plaintiffsThe UFC-backed TKO Group have reach a new settlement agreement of $375,000,000 with the plaintiffs of a Le vs….

UFC reaches new $375 million agreement in antitrust lawsuit with Le plaintiffs

The UFC-backed TKO Group have reach a new settlement agreement of $375,000,000 with the plaintiffs of a Le vs. Zuffa case, with an initial agreement rejected by a sitting judge earlier this summer.

In a new settlement floated — exclusive to the Le vs. Zuffa case rather than the Johnson vs. Zuffa case, a proposed settlement of $375,000,000 has been tabled by the organization representatives, and is awaiting acceptance by the judge currently presiding over the case.

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On Sept. 26, 2024, TKO reached an agreement with the plaintiffs to settle all claims asserted in the Le case for an aggregate amount of $375 million payable in installments over an agreed-upon period of time by the Company and its subsidiaries following the courts denial of an earlier proposed settlement agreement,” A press release confirmed this week. “The terms of the Updated Settlement Agreement have been memorialized in a long-form agreement, which will be submitted to the court for approval. The Company anticipates that the settlement amount will be deductible for tax purposes.”

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UFC address Judge Richard Boulware’s concerns in new statement released

Furthermore, UFC released a statement regarding the tabling of a new agreement this week, directly referring to presiding Judge Richard Boulware’s reservations regarding the initial agreement reached earlier this summer.

“We have reached a revised agreement with plaintiffs to settle the Le case with terms we believe address Judge Richard Boulware’s concerns,” A statement released read. “While we believe the original settlement was fair — a sentiment that was also shared by plaintiffs — we feel it is in the best interests 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.”

'Next question': Dana White denies UFC 306 Fighters' bonus request

Amid the latest development, it would appear Judge Richard Boulware must now make another decision on the suitability and fairness of a new offer tabled in the Le vs. Zuffa case — with the UFC confirming their intentions to bring an end to the ongoing litigation.