UFC Reaches Revised $375 Million Settlement in Antitrust Class Action Lawsuit

UFC announced today that it has reached a revised and strengthened $375 million settlement in an antitrust class action lawsuit after a judge rejected the initial agreement, which totaled $335 million.

The company, which is part of the TKO Group, released a statement saying: “We have reached a revised agreement with plaintiffs to settle the case The case with terms that we believe address the concerns raised by Judge Boulware. While we believe the initial settlement was fair — a sentiment shared by plaintiffs — we believe it is in the best interests of all parties to bring this litigation to a close. As to the Janssen “In this case, that process is still in a very early stage and a motion to dismiss the complaint is still pending.”

The case at issue today is Le et al. v. Zuffa, a consolidation of five separate lawsuits in which former UFC athletes alleged violations of Section 2 of the Sherman Act. The plaintiffs and the company had previously agreed to the settlement, but it was rejected in July by U.S. District Court Judge Richard Boulware in Nevada, who must approve this latest proposal as well.

The judge had set a new date for the trial, October 28, in a setback for the mixed martial arts league led by Dana White.

TKO, owned by Endeavor, said the $375 million would be paid in installments over an agreed period.

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