Public case informationLast updated
Shareholder Class Action Over WWE-UFC Merger Reaches Settlement
World Wrestling Entertainment · WWE's 2023 merger with UFC and formation of TKO Group · Settlement Reached
About this case
Shareholders brought a class-action lawsuit alleging that Vince McMahon and other WWE executives steered negotiations for WWE's 2023 merger with UFC toward Endeavor while disregarding other potential bids. The parties reached an agreement in principle to settle the matter before the scheduled Delaware Chancery Court trial, ending the litigation, although the settlement terms are not specified.
Case overview
- Defendant company
- World Wrestling Entertainment
- Product or service
- WWE's 2023 merger with UFC and formation of TKO Group
- Court case number
- Consol. C.A. No. 2023-1166-JTL
- Case status
- Settlement Reached
- Lawsuit type
- Securities
- Reported harm
- Misrepresentation
Participation information
Settlement Claim
- Type
- Settlement Claim
- Total settlement amount
- $147,500,000