From the press conference to announce Zuffa’s purchase of PRIDE in March 2007. Photo property of the Ultimate Fighting Championship.
The lawsuit that Zuffa, under the name PRIDE FC Worldwide, the financial holdings company created by Ultimate Fighting Championship owners Lorenzo and Frank Fertitta following the purchase of the assest of PRIDE Fighting Championships in March of last year, filed against former PRIDE parent company Dream Stage Entertainment will likely head to a Las Vegas court room in the coming months.
The news comes from Zach Arnold of Fight Opinion, who reports that PRIDE FC Worldwide’s counsel filed a motion that demands a trial by jury in their case against Nobuyuki Sakakibara and DSE.
Arnold also stated that neither Sakakibara nor the company have responded to the lawsuit as of yet, just as an attorney has not been named to represent them.
The lawsuit centers around Zuffa’s claim that they were “defrauded” out of millions of dollars following the purchase of the Japanese promotion nearly a year ago. The lawsuit has since been confirmed as being filed on February 1st.
Rumors have also been circulating that Sakakibara is preparing to file his own lawsuit against Zuffa amidst claims that their decision to shut down the PRIDE brand late last year is a breach of the contract they agreed upon prior to DSE selling the rights to the brand.