President and COO of TKO Group Holdings, Mark Shapiro, confirmed what many suspected for a while that TKO would be entering the boxing business. Obviously, Dana White will be playing a major part in the endeavor while working with Saudi Arabia’s Tuki Alalshikh. It was revealed during TKO Group’s earning call that it was meeting […]
Zuffa
Judge Boulware preliminary approves Le antitrust settlement
On Tuesday, Judge Richard Boulware preliminarily approved the Le antitrust settlement of $375 million for the plaintiffs. The plaintiffs will receive between $240 million and $260 million after attorney fees and costs per Paul Gift who was in the courtroom. The Cung Le antitrust settlement is preliminarily APPROVED. Over the next year the #UFC will […]
UFC and Plaintiffs in Le-Zuffa case tentatively settle for $375M
On Thursday morning, Zuffa and the plaintiffs in the Le lawsuit agreed to settle the case for $375 million. The settlement is pending Court approval by Judge Boulware. TKO Group filed a Form 8-K this morning informing its investors of the settlement for $375 million. The settlement is for the Le plaintiffs only. If the […]
The Legal Submission 94 – Who “sold” the UFC Antitrust Settlement
SEC Filing reports Judge Boulware denial of settlement
TKO Group Holdings, the company owned by Zuffa, filed a SEC-8K which reported the denial of a $335 million settlement by Judge Richard Boulware. The day after the news broke, the stock price has not seen a dramatic rise or fall. As of close of the stock market on Wednesday, TKO Group Holdings, Inc. remained […]