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TKO Group Holdings (TKO) has shared an update.
TKO Operating Company, LLC, part of TKO Group Holdings, Inc., and its affiliates, including Endeavor Group Holdings, face multiple consolidated class-action lawsuits from former UFC athletes alleging Sherman Act violations. Efforts to settle for $335 million were denied preliminary approval by the court, with no reasoning provided yet. A status conference and potential new trial dates are set, while TKO considers options, including an appeal and separate settlement discussions for the individual cases.
For an in-depth examination of TKO stock, go to TipRanks’ Stock Analysis page.