UFC SETTLEMENT FUND DISTRIBUTION UPDATE

Cung Le, et al. v. Zuffa, LLC d/b/a Ultimate Fighting Championship and UFC
United States District Court for the District of Nevada
Case No. 2:15-cv-01045-RFB-BNW

SETTLEMENT FUND DISTRIBUTION UPDATE
March 31, 2026

This update provides the status of the ongoing distribution of Net Settlement Funds to the 1,088 Class Members who submitted claims related to this case. As noted in prior updates, the distribution process has proven complex and time-consuming, primarily due to the varying amounts allocated to each Class Member, the predominance of electronic payment methods, and the global dispersion of Class Members across more than 40 countries, each with distinct tax and banking regulations.

To date, payments totaling $237,386,515.53 have been issued to 984 claimants in 44 countries. This represents the distribution of over 90% of the available funds to more than 90% of claimants. Importantly, we sent over 70% of the distributions via electronic fund transfers. Despite those complications, and the risk of fraud or error, all of the distributed funds have been sent to the correct accounts as requested by the claimants.

We are working around the clock to distribute settlement payments to the remaining claimants. If you are one of the remaining claimants, the below information summarizes the main issues causing delay.

First, there are 15 claimants whose distributions have been delayed due to processing issues beyond our control. These issues typically arise when the claimant’s bank requests additional information after we try to send the payment. We are simultaneously working with each of these banks, while reaching out to the impacted claimants to obtain the additional information needed to reprocess their payments.

Second, there are 25 claimants whose distributions are pending while payment instructions are under review. We are currently validating these instructions and communicating with the relevant Class Members to secure any additional information required for to properly process their payments.

Third, there are 37 claimants whose distributions have not been processed due to outstanding issues with the ACH or wire instructions provided by those claimants. The delay here is typically the result of an error in providing the account information, the claimant changing the account that will receive the distribution, missing information, and similar problems. We have been actively communicating with the affected claimants to resolve these problems so these distributions can be processed correctly. If difficulties in obtaining accurate ACH or wire instructions continue, we will offer these claimants the option to receive their payments by check.

Fourth, there are 10 claimants whose distributions have not been issued due to outstanding legal issues, including competing claims on the distribution amounts (from spouses or taxing authorities), or it is unclear who is the rightful recipient of some or all of the funds. The most common examples arise when a claimant has died without a will, or the Class Member is divorced, or there are legal child support obligations. It is important that we have all necessary information to comply with the applicable laws governing these issues, which typically differ from state-to-state and country-to-country. We are working with Class Counsel to resolve these matters. Given the importance and complexity of these issues, the timing for a resolution for these claims is slow will occur toward the end of the distribution process. Sending these funds may need court intervention.

Fifth, there are 17 Class Members whose distributions have not been issued because these Class Members reside in countries that are subject to a sanctions scheme governed by the Office of Foreign Assets Control (OFAC) of the United States. There are strict prohibitions on sending funds to residents of countries on the “OFAC list.” To comply with the regulations promulgated for a country subject to OFAC sanction, we must carefully review the relevant facts and circumstances. This review has delayed the process of distributing settlement payments to affected claimants. We are working with Class Counsel to address these matters, but due to the complexity of OFAC regulations, the timing for a resolution for these claims is uncertain and will likely require court intervention.