TKO Said On July 30, Court Denied Motion For Preliminary Approval Of Settlement In LE And Johnson UFC Antitrust Lawsuits
Portfolio Pulse from charles@benzinga.com
On July 30, a court denied the motion for preliminary approval of a settlement in the LE and Johnson UFC antitrust lawsuits involving TKO.
August 08, 2024 | 11:06 am
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A court has denied the motion for preliminary approval of a settlement in the LE and Johnson UFC antitrust lawsuits involving TKO. This legal setback could lead to prolonged litigation and potential financial liabilities for TKO.
The denial of the preliminary approval for the settlement means that TKO will likely face extended legal proceedings and potential financial liabilities. This could negatively impact investor sentiment and the stock price in the short term.
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