New details have emerged.
Wrestlenomics reported on December 11, 2023, that WWE and MLW settled the antitrust lawsuit after nearly two years. MLW filed the suit against WWE in January 2022 and accused WWE of interfering in television and streaming deals and poaching talent.
In an update, a new WWE 10-K filing has revealed that the lawsuit was settled at $20 million after months of several amendments and motions.
According to the filing:
“On January 11, 2022, a complaint was filed against WWE by MLW Media LLC (“MLW”), captioned MLW Media LLC v. World Wrestling Entertainment, Inc., No. 5:22-cv-00179-EJD (N.D. Cal.), alleging that WWE interfered with MLW’s contractual relationship with certain media platforms and engaged in other anticompetitive and unfair business practices in violation of the Sherman Antitrust Act and California law. On December 22, 2023, the parties notified the court that they had entered into a settlement agreement in the amount of $20.0 million and stipulated that the case should be voluntarily dismissed with prejudice. In light of the settlement, the case was dismissed with prejudice on December 26, 2023.”
WrestleZone will continue to provide updates should more details emerge.
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