A news conference to announce a class action lawsuit against MMA juggernaut the Ultimate Fighting Championship has been scheduled for Tuesday afternoon in San Jose, Calif.
The potential lawsuit was originally reported over the weekend by BloodyElbow.com, noting that it consisted of several current and former UFC fighters, who are to be represented by three or four large legal firms known for antitrust litigation.
The news conference to officially announce the suit was first reported by MMAJunkie.com. It will take place at 4 p.m. ET / 1 p.m. PT at Hyatt Place in downtown San Jose. The conference is expected to include several MMA fighters and their attorneys.
Although little detail is known about the suit, the Bloody Elbow report noted that it could potentially enter into the realm of hundreds of millions of dollars if the plaintiffs are successful.
Not surprisingly, the announcement of the lawsuit comes just days after the UFC announced an agreement with Reebok for the sports equipment maker to provide uniforms for all UFC fighters.