The day after a lawsuit was filed against Vince McMahon and John Laurinaitis accusing the two of sexual assault, McMahon has resigned all of his positions with TKO Group Holdings, Inc. Janel Grant, a former employee of WWE, claims that she was abused and sexually exploited by McMahon while he was chief executive. The lawsuit […]
legal
Judge Boulware denies Zuffa’s Motion for Summary Judgment
Perhaps the last hurdle between the UFC going to court this April in the Class Action lawsuit filed against them by Cung Le and other ex-fighters was decided on Thursday when Judge Richard Boulware denied the promotion’s Motion for Summary Judgment. The Court found genuine issues of disputed fact in the case such that it […]
Concerned over antitrust lawsuits, TKO Group stock gets ‘market perform’ rating
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 […]
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 […]