Judge Dismisses $800M Lawsuit in Sports Series Showdown

A federal judge dismissed Enhanced Games' $800 million lawsuit against World Aquatics and others, over alleged efforts to deter athletes from its competition series. The dismissal was due to a lack of monopoly power allegations. Enhanced opted not to refile as it plans a $200 million public offering.

A federal judge has dismissed an $800 million lawsuit filed by the Enhanced Games. The lawsuit accused World Aquatics, the World Anti-Doping Agency, and USA Swimming of an illegal effort to dissuade athletes from participating in its new competition series.

U.S. District Judge Jesse Furman ruled against the sports startup in November, citing a failure to plea monopoly power in the relevant markets. The judge gave Enhanced Games 30 days to refile the case, a deadline which has now passed.

Instead, Enhanced Games has chosen to focus on its public offering and recent success in recruiting athletes, including Olympic medalists. The lawsuit challenged a rule by World Aquatics against events allowing prohibited scientific advancements and substances.

(With inputs from agencies.)