Attorneys representing the class of fighters who are suing Zuffa, LLC (the UFC's parent company) on monopoly and monopsony grounds, filed a Notice of Resolution of the their Motion to Compel Top Rank, Inc. to produce financial documents in the case. Unfortunately, the Notice of Resolution is heavily redacted but it's clear that Top Rank will produce at least some financial documents in the case.
In the Motion to Compel, plaintiffs' attorneys had sought "full year, aggregated financial data which includes total revenues generated from the promotion of boxing events, and total compensation paid to boxers." The Motion quoted Arum as saying that Top Rank paid its boxers approximately 80% of proceeds generated from boxing events compared to the UFC which he stated "doesn't pay out 20% to the fighters . . . They are a monopoly - and we are not."
See Motion to Compel below:
See Notice of Resolution below:
This blog is authored by Kurt Emhoff, a sports and entertainment attorney and boxing manager based in NYC. Kurt has represented clients in boxing for over 20 years. Kurt's current and former clients include world champions and contenders Cory Spinks, Paulie Malignaggi, Peter "Kid Chocolate" Quillin, Luis Collazo, Sam Soliman, Kermit Cintron, Derrick Gainer, Travis Simms, Terronn Millett, Peter Manfredo and Dmitriy Salita.
Showing posts with label Bob Arum. Show all posts
Showing posts with label Bob Arum. Show all posts
Friday, September 29, 2017
Monday, September 11, 2017
Multi-District Litigation In Re: Mayweather-Pacquiao PPV Dismissed
On August 25, 2017, in the United States District Court, Central
District of California, Judge R. Gary Klausner issued an opinion dismissing all
of the claims filed in 26 individual actions and 15 consolidated complaints
alleging that Defendants Floyd Mayweather, Mayweather Promotions, LLC, Manny
Pacquiao, Top Rank, Inc., Michael Koncz, Bob Arum, Todd DuBeouf and HBO all
concealed Pacquiao's shoulder injury and mislead the buying public into paying
for the fight that they would not have otherwise purchased.
Judge Klausner ruled that
letting these claims stand would "disrupt the nature and integrity of
competitive sports." Judge Klausner used the doctrine known as the
"license approach" in determining the legal rights of the ticket
purchasers. Under this doctrine, "a ticket to a sporting event gives
the purchaser 'nothing more than a revocable license' to view what transpires
at the ticketed event, regardless of prior promises or representations about
the performance."
Judge Klausner held that
"a misrepresentation or omission implicates the core of athletic
competitions, and therefore does not constitute a cognizable injury to a
legally protected interest under the license approach, if it is related to: (A)
competitive strategy, or (B) the quality or outcome of competitive
performance." Judge Klausner then reasoned that all of the alleged
misrepresentations of the Defendants in regards to Pacquiao's injury fell under
either competitive strategy or the quality of the performance.
"The Court is sympathetic
to the fact that many boxing fans felt deceived by the statements and omissions
made by the fight's participants and promoter. The proper remedy for such
unscrupulous behavior when it implicates the core of athletic competition,
however, is not a legal one. Disappointed fans may demand that fighters
be more transparent in the future, lobby their state athletic commissions to
impose more stringent pre-fight medical screenings and disclosure requirements,
or even stop watching boxing altogether. They may not, however, sustain a
class-action lawsuit."
"In this case, Plaintiffs
ultimately received what they paid for, namely: the right to view a boxing
match between Manny Pacquiao and Floyd Mayweather, sanctioned and regulated by
the Nevada State Athletic Commission. Plaintiffs had no legally protected
interest or right to see an exciting fight, a fight between two totally healthy
and fully prepared boxers, or a fight that lived up to the significant
pre-fight hype."
See Judge Klausner's opinion
below:
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