UFC, Fighters Reach Revised $375M Class Action Settlement [Yahoo! Finance]
TKO Group Holdings, Inc. Class A (TKO)
Company Research
Source: Yahoo! Finance
Now comes the hard part: The parties need U.S. District Judge Richard Boulware to grant preliminary approval. More from Sportico.com In July, the Nevada-based judge denied preliminary approval of a $335 million settlement that would have paid fighters in the Le case, on average, $200,000, with 36 fighters set to take home more than $1 million. Le , along with a separate case, Johnso n, argues that UFC violated antitrust law by allegedly functioning as a monopsony in the MMA industry (a monopsony is like a monopoly but involves a buyer of services, here UFC buying MMA fighters' services), restraining UFC fighter pay. UFC fully denies those allegations and the settlement does not change that denial. During hearings Boulware signaled he felt UFC, which if it lost both Le and Johnson could have been ordered to pay billions of dollars in damages, should pay more. He also implied the two lawsuits shouldn't be resolved together. Le involves fighters who were in one or more UFC bouts t
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TKO
News
- UFC reaches $375 million settlement on one class-action lawsuit, another one remains pending [Yahoo! Finance]Yahoo! Finance
- Vince McMahon once floated a WWE storyline where he got his own daughter pregnant [Business Insider]Business Insider
- TKO Group Holdings: Visible Growth Outlook Ahead [Seeking Alpha]Seeking Alpha
- UFC 306 at Sphere Sets Record for Highest-Grossing Event in UFC History and Highest-Grossing Single Event at SphereBusiness Wire
- Vince McMahon chastises upcoming Netflix docuseries ahead of release, alleges 'editing tricks' distort story [FOX News]FOX News
TKO
Earnings
- 8/8/24 - Miss
TKO
Sec Filings
- 9/26/24 - Form 8-K
- 9/16/24 - Form 4
- 9/16/24 - Form 4
- TKO's page on the SEC website