Zuffa and Dana White have filed a motion to stay discovery in the Mark Hunt case pending the company’s Motion to Dismiss the lawsuit which will be heard on May 15, 2017 in Nevada. According to the court filings, Brock Lesnar is likely to join the motion. Joining the motion essentially places the party in […]
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Alliance MMA retains law firm to defend itself against investor lawsuit
Alliance MMA has announced that it has retained the law firm of King & Spalding to defend the company against a lawsuit filed against it on Monday. The announcement was made via company press release. Via Alliance MMA press release: NEW YORK, NY – April 21, 2017 – Alliance MMA, Inc. (“Alliance MMA” or the […]
Alliance MMA CEO responds to lawsuit
A lawsuit filed against Alliance MMA by an investor in the company for violations of securities regulations law was filed on Monday. MMA Payout has obtained a response from the company’s CEO, Paul Danner. “The matter of the stock-based compensation matter has no impact on 2017 financial performance and no negative affect on our ability […]
S&P Global reaffirms UFC Holdings, LLC debt rating, outlook
S&P Global Ratings reaffirmed UFC Holding’s first lien “B+” rating after news of seeking $100 million in additional loans. Due to its high leverage, S&P rated UFC Holdings, LLC as having a negative outlook. For a definition of S&P’s ratings, look here. A “B” rating is characterized as, “more vulnerable to nonpayment than obligations rated […]
UFC on Fox 24 draws lowest-ever overnight rating
Television By Numbers reports that UFC on Fox 24 drew 1.74 million viewers on Saturday night. The event is the lowest rated UFC on Fox ever although it does not include the overrun. UFC on Fox 24 featured Demetrious Johnson defending his UFC Flyweight title against Wilson Reis. Johnson defeated Reis via armbar submission. Also, […]