litigation
confidence high
sentiment neutral
materiality 0.75
TKO settles UFC antitrust class actions for $335M
TKO Group Holdings, Inc.
- Agreed to pay $335M aggregate to resolve Le and Johnson class actions alleging Sherman Act violations.
- Payable by TKO and subsidiaries in installments over an agreed period; court approval required.
- Company expects settlement amount to be deductible for tax purposes.
- Settlement covers claims by former UFC athletes in lawsuits filed between 2014 and 2021.