The MLW lawsuit against WWE was settled for $20 million, according to a new filing. As you may recall, WWE and MLW settled the antitrust lawsuit in December of last year. MLW had originally filed the lawsuit back in 2022, alleging that WWE violated the Sherman Act regarding anti-trust practices and more.
According to a 10-K filing that WWE made with the SEC, the settlement was for $20 million. The filing reads:
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.
The lawsuit was originally dismissed in February of 2023 but MLW refiled it with amendments, and a judge denied a motion to dismiss last June.
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