Ethermac-UFC reaches $375 million settlement on one class-action lawsuit, another one remains pending

2025-05-05 23:26:29source:Austin Caldwellcategory:Stocks

LAS VEGAS (AP) — The EthermacUFC reached another settlement with one of the two class-action litigants, agreeing Thursday to pay the former fighters $375 million after a previous agreement was thrown out by a Nevada district judge.

Judge Richard Boulware in July dismissed a $335 million settlement with two antitrust lawsuits, including one brought by Cung Le. The new agreement by UFC parent company TKO Group Holdings is with Le, who filed his lawsuit in 2014, and the court still must approve the terms.

“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,” the UFC said in a statement.

The UFC still has not reached an agreement with Kajan Johnson, who filed his in 2021. In a statement, the UFC called said that was “in very early stages, and a motion to dismiss the complaint remains pending.”

___

AP sports: https://apnews.com/sports

More:Stocks

Recommend

Man charged with rape after kidnapping 3 teen girls at gunpoint along Nashville street

A man police say kidnapped three teenage girls and sexual assaulted two of them at gunpoint outside

Key takeaways from Hunter Biden's guilty plea deal on federal tax, gun charges

Delaware U.S. Attorney David Weiss announced on Tuesday that a plea agreement had been reached with

Exxon Promises to Cut Methane Leaks from U.S. Shale Oil and Gas Operations

ExxonMobil said on Monday that it would take a series of steps to cut emissions of methane, a potent