Overview
- Judge Beatrice Butchko Sanchez approved a final default judgment that enters an arbitration award of $5,315,268.64 plus post-judgment interest in Masvidal’s favor.
- The award reflects $4,850,000 in compensatory damages, $62,787.97 in attorney fees and costs, and $402,480.67 in pre-judgment interest, according to court records.
- Masvidal’s contract guaranteed $6 million with a $1 million win bonus, but he says he received only $1 million and a $150,000 advance and Fanmio did not dispute nonpayment in arbitration.
- Nate Diaz separately won an arbitration award of roughly $6 million from Fanmio and a $500,000 personal penalty against founder Solomon Engel, which awaits federal court approval.
- Combined rulings push Fanmio’s potential liabilities above $11 million, and Masvidal may still need collection steps to enforce the judgment.