UFC and plaintiffs reach $335 million settlement in class action lawsuit

TKO Holdings, the UFC's parent company, has reached a $335 million settlement in two class-action lawsuits brought by fighters seeking better pay.

The settlement was agreed to on March 13, a little more than a month before the trial was scheduled to begin April 15 in the U.S. District Court for the District of Nevada, according to a Wednesday filing with the U.S. Securities and Exchange Commission. Ta.

The plaintiffs alleged in their lawsuit that the UFC is an illegal monopoly that uses anticompetitive practices to suppress fighters' wages and prevent rival promotions. One lawsuit represents more than 1,200 individuals and targets athletes who competed in the UFC from December 16, 2010 to June 30, 2017, and from July 1, 2017 to 2021. , the plaintiffs had originally sought up to $1.6 billion. In compensation for damages.

“We are pleased to have reached an agreement that resolves all claims asserted by both countries.” [Cung] le and [Kajan] In a statement to ESPN, a UFC spokesperson said, “Johnson's class action lawsuit concludes litigation and benefits all parties. Final settlement terms will be submitted to the court for approval.” .

The plaintiffs also released a statement regarding X, which read in part: “We are satisfied with the settlement and plan to disclose further details in our court filing within 45 to 60 days.”