UFC reaches settlement in antitrust lawsuit for 375 million dollars.

The American martial arts company UFC has agreed to a settlement of $375 million in a significant antitrust lawsuit. The TKO Group, the parent company of the UFC, agreed to the settlement with the plaintiffs in the class action 'Le v. Zuffa', in which the UFC was accused of suppressing fighters' wages. This group comprises over 1,200 fighters who previously competed in the UFC. Between December 2014 and March 2015, five related class action lawsuits were filed, with the first suit filed by former fighters Cung Le, Nate Quarry, and Jon Fitch in December 2014. The five lawsuits were consolidated into a single case in June 2015. The settlement on Thursday follows Judge Richard Franklin Boulware II of the U.S. District Court of Nevada's rejection of a proposed $335 million settlement in July. The new settlement terms, announced by the UFC in a notification to the Securities and Exchange Commission, must now be approved by the court. "We have reached a revised agreement with the plaintiffs to settle the Le case on terms that we believe address Judge Boulware's concerns," said a UFC spokesperson. "While we believe the original settlement was fair – a view also shared by the plaintiffs – we think it is in the best interest of all parties to bring this litigation to an end." However, the UFC has yet to reach an agreement with former fighter Kajan Johnson, who filed an antitrust lawsuit in 2021. The UFC stated that this case is still in its early stages and "a motion to dismiss the lawsuit is still pending.