(Maybe this legal hottie can sort this shit out.)
It’s only been a couple of months since Zuffa/Pride FC Worldwide filed suit against the former heads of PRIDE because of their alleged defrauding of millions from Pride’s sell to the Fertittas. Dream Stage Entertainment’s president, Nobuyuki Sakakibara, has been silent in the case, but Dream Stage Holdings filed for dismissal since they were not a party to the previous contracts.
Now, Sakakibara, Ubon, and Dream Stage Holdings have sued Pride FC Worldwide — the Nevada and Japanese branches — and have laid down the legal to the Fertitta Bros, too. Ubon is a stock company in Japan owned by Sakakibara, who also owns 95% of DSH. The suit filing went down in Vegas on the 2nd of this month. Sherdog has a full rundown of the mess:
In an ironic twist, the motion accused Zuffa of including the DSE Nevada Corporation in an effort to defeat diversity jurisdiction. Zuffa is currently contesting a similar legal strategy employed by HDNet Fights in its suit against Zuffa for declaratory judgment on Randy Couture’s promotional contract.
The suit filed by the former owners of Pride in federal court, under diversity jurisdiction, seeks damages for breach of the asset purchase and consulting agreements that were part of the Pride transaction, as well as fraudulent and negligent misrepresentation and breach of the covenant of good faith and fair dealing.
The complaint alleges that Pride was sold to the owners of the UFC with the promise that the Pride brand would be maintained as a “global top-level brand.” This promise allegedly resulted in the former owners’ decision to sell to the Fertittas despite more lucrative financial offers from other suitors.
According to the complaint, Sakakibara also met with another “company which promotes martial arts related events, an operator of another sports-related business and investors in the entertainment industry, and received various offers to purchase Pride or to enter into business partnerships with plaintiffs.”
However, the suit alleges that the defendants had no intention of fulfilling that promise.