UFC/TKO: TKO reaches out-of-court settlement on two UFC-related lawsuits

Posted on 3/20/124 by Colin Vassallo

TKO stocks got a bump today on Wall Street after the company
announced via a SEC filing that it has reached an agreement
to settle all claims against two class action lawsuits filed
against them by former UFC athletes which alleged violations
of the Sherman Act.

The lawsuits were filed against Zuffa, LLC, but now fall
under TKO since the merger of WWE and UFC.

“On March 13, 2024, TKO reached an agreement to settle all
claims asserted in both class action lawsuits (Le and
Johnson) for an aggregate amount of $335 million payable by
the Company and its subsidiaries in installments over an
agreed-upon period of time,” the filing said. “The terms will
be memorialized in a long form agreement and then submitted
to the court for approval. The Company anticipates that the
settlement amount will be deductible for tax purposes.”

The $335 million figure is much, much less than the $1.6
billion that the plaintiffs were seeking.

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