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TKO, the father or mother firm of Final Preventing Championship, pays $335 million to settle a class-action lawsuit over wage suppression, an organization mentioned in a submitting Wednesday.
“On March 13, 2024, TKO reached an settlement to settle all claims in each class motion lawsuits for an combination quantity of $335 million, payable by the corporate and its subsidiaries in installments over an agreed time frame,” TKO mentioned. a submitting with the Securities and Change Fee.
Marlon Vera (blue gloves) fights Sean O’Malley (pink gloves) throughout UFC 299 at Kayesa Middle in Miami, March 9, 2024.
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The settlement comes weeks earlier than the trial.
At situation had been allegations that the UFC used long-term contracts to delay or forestall the free company of tons of of fighters and compelled them to signal offers that saved them from reaching most incomes potential.
UFC settles wage suppression allegations for $335 million earlier than trial
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