Floyd Mayweather Jr. Calls Off $100M Legal Fight With Business Insider
The boxer voluntarily dismissed his lawsuit.
The $100 million defamation fight between Floyd Mayweather Jr. and Business Insider is over. The lawsuit, filed just over a year ago , has been voluntarily dismissed with prejudice, meaning Mayweather cannot refile the same claims.
Counterclaims that were made by Business Insider have also been permanently dropped, and each side will handle their own fees and costs. The judge signed an order dismissing the case on Tuesday. It was not clear whether there was a settlement, and representatives for both sides did not immediately respond to requests for comment.
Mayweather, who has never lost a bout and boasts career earnings of more than $1. 1 billion, sought at least $100 million in damages in his lawsuit, lodged in New York federal court. The suit centered around reporting by reporter Daniel Geiger about real estate deals Mayweather publicly discussed, including an agreement to buy a 62-building Manhattan apartment portfolio.
Geiger reported last March that “there is no evidence there has been a sale. ” The lawsuit alleged that Geiger “embarked on a campaign of harassment and defamation, characterized by aggressive and misleading journalism that not only distorts the truth but seems driven by a deep-seated bias against Mr. Mayweather’s success.