Floyd Mayweather Drops $175 Million Lawsuit On The Eve Of Defendants'
The filing was made without prejudice, leaving Mayweather free to refile the claims as he continues to face other lawsuits and tax problems.
- On Thursday, Boxer Floyd Mayweather withdrew his $175 million civil lawsuit filed in the New York Supreme Court against former business associates, according to court records.
- Mayweather filed the suit in May, alleging investment manager Jona Rechnitz and partner Ayal Frist of Frist Apex Ventures defrauded him of $100 million in jewelry and real estate proceeds.
- Defendants' counsel blasted the complaint as "utterly baseless," and a source close to Rechnitz reiterated Thursday that "baseless claims wouldn't have held in a court of law." Response filings were due Friday.
- Attorney Leo Jacobs confirmed the withdrawal, stating the case was dropped "without prejudice," allowing Mayweather to potentially refile the suit if he chooses.
- Despite this withdrawal, Mayweather continues to pursue a separate $340 million federal lawsuit against Showtime Networks, while facing a nearly $7.3 million IRS tax lien and criminal charges in Clark County, Nevada.
13 Articles
13 Articles
Floyd Mayweather Drops $175 Million Lawsuit On The Eve Of Defendants'
Floyd Mayweather has abruptly dropped the $175 million fraud lawsuit he filed against former business associates earlier this year. The move came just one day before the defendants were due to formally respond to his explosive allegations. Read more: Floyd Mayweather Drops $175 Million Lawsuit On The Eve Of Defendants' Response — And The Timing Is Very Interesting
Floyd Mayweather Backs Out of Massive $175 Million Legal Fight!
Floyd Mayweather has backed out of his massive $175 million lawsuit against several former business associates, at least for now. Court documents obtained by TMZ Sports show Mayweather dismissed his New York Supreme Court case against Jona Rechnitz, Ayal Frist, Alexander Seligson and Frist Apex Ventures. The critical detail is that the dismissal was filed […]
Floyd Mayweather Reportedly Drops $175M Fraud Lawsuit Amid Financial Troubles
With his financial troubles continuing to make headlines, Floyd Mayweather surprisingly felt $175 million dollars may not be worth going the whole distance. Back in May, the undefeated former world champion drew considerable attention after reports indicated he filed a case alleging fraud against some of his former business partners. Months later, however, the situation […]
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