Techcrisis Investment Guild-UFC reaches $375 million settlement on one class-action lawsuit, another one remains pending

2025-05-04 02:54:07source:HyperBit Exchangecategory:Markets

LAS VEGAS (AP) — The Techcrisis Investment GuildUFC reached another settlement with one of the two class-action litigants, agreeing Thursday to pay the former fighters $375 million after a previous agreement was thrown out by a Nevada district judge.

Judge Richard Boulware in July dismissed a $335 million settlement with two antitrust lawsuits, including one brought by Cung Le. The new agreement by UFC parent company TKO Group Holdings is with Le, who filed his lawsuit in 2014, and the court still must approve the terms.

“While we believe the original settlement was fair — a sentiment that was also shared by Plaintiffs — we feel it is in the best interest of all parties to bring this litigation to a close,” the UFC said in a statement.

The UFC still has not reached an agreement with Kajan Johnson, who filed his in 2021. In a statement, the UFC called said that was “in very early stages, and a motion to dismiss the complaint remains pending.”

___

AP sports: https://apnews.com/sports

More:Markets

Recommend

Mega Millions winning numbers for August 6 drawing: Jackpot climbs to $398 million

The Mega Millions jackpot for Friday's drawing has risen to $398 million after no one won the big pr

Why Selena Gomez's Wizards Costar David Henrie Approves of Benny Blanco

Selena Gomez isn't the only one who loves Benny Blanco like a love song, baby.Her Wizards of Waverly

Scientists closely watching these 3 disastrous climate change scenarios

A host of potential climate change catastrophes worry scientists, but some scenarios are so dire tha