Since opening on Wall Street TKO Group Holdings, Inc. has been ascending based on the profits of the UFC and WWE. However, an investment bank, TD Cowen, has given the stock a “market perform” recommendation. Market perform is a neutral assessment that does not imply a strong recommendation to buy or sell. This is in […]
legal
The Legal Submission 75
Boxer Andy Cruz files lawsuit against promoter
Cuban professional boxer Andy Cruz has filed a lawsuit against his promoter in federal court in California. Cruz signed a deal with Matchroom Boxing but also sued them due to the fact he claim he was not paid. The claims include Violations of the Ali Act, Breach of Contract, Breach of Fiduciary Duty and Conversion […]
Le plaintiffs move to strike Zuffa’s motion to exclude expert and company responds
MPO took a brief break for the holiday from the UFC Antitrust lawsuit, but we are catching up on some motions in mid-December regarding Zuffa’s motion to exclude plaintiffs’ experts Singer, Zimbalist and Davis. Similarly, Zuffa filed Motions to Exclude prior to the class certification period. Judge Boulware denied those motions. Zuffa argues that the […]
Top 10 MMA Business Stories of 2023 – No. 1 Judge comes out of hibernation to grant class certification to plaintiffs in Le Antitrust Lawsuit
It was a long wait but 2023 saw Judge Richard Boulware finally issue his written opinion to grant class certification to the Le plaintiffs in the UFC antitrust lawsuit. The August Order, indicated that the plaintiffs in the ‘Bout Class’ could proceed together in its lawsuit that the promotion used anticompetitive methods to create a […]