Report: Zuffa suing Dream Stage Entertainment

Dave Meltzer of the Wrestling Observer is reporting the following:

Pride FC Worldwide Holdings (basically the dummy company set up by UFC after the Pride purchase) have filed a lawsuit against Dream Stage Entertainment, Dream Stage Holdings and Nobuyuki Sakakibara claiming they were defrauded millions of dollars in the purchase of the Pride and Pride Bushido brands.

Correct me if I’m wrong, but does this mean if the case goes before a judge that some very telling details about the PRIDE buyout could become public?

Man, it must be a great time to be a lawyer at Zuffa. Dana White needs to start giving his attorneys post-case bonuses just like the post-fight bonuses he gives out to the fighters.

I’m thinking of starting a lawsuit pool where you bet on who the next fighter or company is to get sued by the UFC. I don’t know whether to put my money on Tito Ortiz or Andrei Arlovski?

I’m sorry for the cynicism, because the bottom line is that Zuffa may very well in fact have been screwed over by PRIDE. We’ll have to wait and see.

19 COMMENTS
  • mike wolfe says:

    Sam–

    Information disclosed during the course of a lawsuit is usually open to the public. However, any of the parties can ask the court to sign a protective order that prevents disclosure of sensitive or propietary info to anybody other than the parties or their lawyers. Frequently the parties will agree to an order that allows both sides or all sides to keep their trade secrets and sensitive info private. Protective orders are pretty standard in any kind of high end commercial litigation.

    If you want some info that wouldn’t be protected, however, the complaint could be accessed. Those are almost never sealed, and it would at least explain the basis of the lawsuit. Most states require a fair amount of factual specificity when pleading fraud, so there’s a good chance you’d get more info from this complaint than most.

    Agree or Disagree: Thumb up 0 Thumb down 0

  • canuck says:

    Tito Ortiz? isn’t he that guy who’s last clear win over a real contender was in 2002 against Ken Shamrock?

    Agree or Disagree: Thumb up 0 Thumb down 0

  • Sam Cupitt says:

    Is it too late for me to lock in Cro Cop?

    Agree or Disagree: Thumb up 0 Thumb down 0

  • TomK says:

    I guess they should have post-dated the check a few months so they could check out what they were buying…

    Agree or Disagree: Thumb up 0 Thumb down 0

  • jj says:

    what exactly are they going to sue DSE for since zuffa already has all the DSE assets?

    Agree or Disagree: Thumb up 0 Thumb down 0

  • Kelvin says:

    “what exactly are they going to sue DSE for since zuffa already has all the DSE assets?”

    defrauded millions of dollars in the purchase of the Pride and Pride Bushido brands.

    Agree or Disagree: Thumb up 0 Thumb down 0

  • Evan says:

    “what exactly are they going to sue DSE for since zuffa already has all the DSE assets?”

    No they don’t. They own much more and I think their highest earner is HUSTLE which is a wrestling show.

    Agree or Disagree: Thumb up 0 Thumb down 0

  • BigBad Bradical says:

    Wow another lawsuit. Didn’t I rant on about corporate greed as a potential downfall of Dana’s? I mean I’m skimming the surface here, but it appears that Zuffa doesn’t have a lot of their legal strings pulled very tightly. Too many loose ends, and I question the legal team of Zuffa. Not just on corp. acquisitions & contract law w/pertinence to its fighters, but in Re: to other deals out there that we might not know about. . .i.e., network deals, etc. . .

    Agree or Disagree: Thumb up 0 Thumb down 0

  • jim says:

    they are spreading themselves awfully thin…..this Zuffa company. I bet their team of lawyers is probably around $2 million a year at least. Why is everyone picking on Zuffa? (sarcasm)… Something is seriously shady with Zuffa.

    Agree or Disagree: Thumb up 0 Thumb down 0

  • mmaninja says:

    LOL, they should sue Dana for running all negotiations in Japan into the ground. How long will they keep him? He’s burning more bridges that than nazi’s did in WWII

    Agree or Disagree: Thumb up 0 Thumb down 0

  • BigBad Bradical says:

    OUCH! That comment had to have burned Dana’s bald head.

    Agree or Disagree: Thumb up 0 Thumb down 0

  • xx2000xx says:

    Give Zuffa the screaming Australian chick, and we’ll call it a day.

    Agree or Disagree: Thumb up 0 Thumb down 0

  • mike wolfe says:

    Somebody (that means you, Sam) needs to get a copy of the complaint, which should spell out why Zuffa sued. Might not have anything to do with White.

    Agree or Disagree: Thumb up 0 Thumb down 0

  • el boxeo says:

    lol… what a great deal … the ufc really did their homework with the pride sale..

    Agree or Disagree: Thumb up 0 Thumb down 0

  • Kazushi says:

    “what exactly are they going to sue DSE for since zuffa already has all the DSE assets?”

    No they don’t. They own much more and I think their highest earner is HUSTLE which is a wrestling show.

    If DreamStage is a shell company and thus has no assets, it is meaningless to sue DreamStage. But if , Hustle is a corporate asset of DreamStage and can be sought after. However, Zuffa also sued Sakakibara in some form of corporate piercing claim or as an individual defendant.

    Agree or Disagree: Thumb up 0 Thumb down 0

  • Kazushi says:

    Fraud is one of the elements of a typical corporate veil piercing claim :)

    Agree or Disagree: Thumb up 0 Thumb down 0

  • jjdnb says:

    its business. If you make a bad deal, take it like a man and move on.
    It was a horrible deal for the UFC but its not Prides fault that the UFC brass are so stupid to sign the contract.

    Agree or Disagree: Thumb up 0 Thumb down 0

  • [...] shotgun wedding has been brought up to the surface again recently with one of Zuffa’s many tin-man companies filing suit against DSE, the former owners of the PRIDE brand. Rehashing the whole thing is an exercise in futility, [...]

    Agree or Disagree: Thumb up 0 Thumb down 0

  • Yakuza says:

    Suring DreamStage is asking for trouble with the Yamaguchi Gumi guys.
    I doubth Dana is going to step foot in Japan for a long time and if he does, there is probably going to be a big discount on “white” meat ramen in Kobe.

    Agree or Disagree: Thumb up 0 Thumb down 0

LEAVE A COMMENT!

You must be logged in to post a comment.

Follow 5OZ