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#1
Old 10-19-2015, 04:02 AM
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Post Comments Thread For: Al Haymon/Investors Get Upper Hand in Top Rank Lawsuit

For those openly rooting against the Premier Boxing Champions (PBC) movement, it appears the best chance at a failed venture is waiting for the money to run out.

While one lawsuit is still pending against adviser Al Haymon’s enterprise, a victory was claimed in a separate but related case over the weekend. A $100 million antitrust lawsuit filed by Top Rank Inc. was dismissed by the U.S. District Court in California on October 16, less than seven weeks after such a motion was filed by Haymon’s legal team on August 31, according to documents obtained by BoxingScene.com,
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#2
Old 10-19-2015, 09:51 AM
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Allah Al Haymon...PBC for the knockout!


Arum don't got **** on Al Haymon. Aaaand stiiill undefeated in court Golden Boy is next.

Years ago Top Rank was robbing fighters of there wages i.e. Mikey Garcia, Julio Cesar Jr., Vanes even mentioned a certain fight was in the bag because Arum told him the judges were in his pocket. I don't wanna hear abt these mismatches PBC has given because PBC has thrown good fights, plenty of years Top Rank has gotten away with tons of mismatches and manipulations.

Last edited by AP♠; 10-19-2015 at 10:08 AM.
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#3
Old 10-19-2015, 09:55 AM
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All TR and GB need now are chairs and rope lol. They're both stuck fighting for the limited budget and space at HBO, also competing with guarantees for Kovlev, GGG and maybe Ward. What makes it worse is they did it to themselves.
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#4
Old 10-19-2015, 10:15 AM
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PBC ain't going anywhere
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#5
Old 10-19-2015, 10:23 AM
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HBO and the two promo companies of TR and GBP is now going to be at war over their limited air space and spots instead they've been worrying about PBC and Haymon in legal battles neither one is obviously going to win.

It'll be funny to see how it all plays out.
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#6
Old 10-19-2015, 10:29 AM
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but Al Haymon paid off the judge doe...lol
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#7
Old 10-19-2015, 10:40 AM
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The Top Rank lawsuit is not the one to worry about. It's always been the Golden Boy lawsuit which already won a big battle in court a few weeks ago. Top Rank suing claiming he is trying to create a monopoly. Golden Boy is suing and accusing of Haymon of operating as a Manager and Promoter which is illegal against the Ali act. That's the one where Haymon will get screwed and you got fighters posting on twitter after a fight their fight checks and it has Haymon's name on it. Only Promoters are supposed to pay the fighters purse not managers. Also dozens of fighters slipping up and in interviews calling Haymon their promoter while he is being sued and claiming he is not a promoter

http://www.latimes.com/sports/sports...917-story.html


Judge's ruling could force answers to how Al Haymon's Premier Boxing
By Lance Pugmire

Powerful boxing manager Al Haymon’s attempt to move Oscar De La Hoya’s $300-million antitrust lawsuit against him out of the courts and toward a potential settlement in arbitration was denied this week by a federal judge.

The denial followed a similar decision by an arbitrator who has presided over De La Hoya’s split with his former Chief Executive Richard Schaefer and Haymon, and sets up the possibility of depositions, discovery exchanges and other details about how Haymon’s Premier Boxing Champions operates.

Haymon manages Floyd Mayweather Jr. and several other high-profile fighters who split with Golden Boy this year, including unbeaten fighters Deontay Wilder, Leo Santa Cruz, Keith Thurman and Danny Garcia.

PBC started staging fights in March and has time-buy deals to have cards televised by NBC, ABC, CBS and ESPN, among others.

“Everything is going to come out,” said veteran fight promoter Bob Arum, whose Top Rank Inc. is also suing Haymon.

Haymon has a policy to not speak to reporters.

De La Hoya’s Golden Boy Promotions is suing Haymon, the creator of PBC, for alleged violations of the federal Muhammad Ali Act that forbids a boxing manager from operating simultaneously as a fight promoter.

Haymon has retained promoters such as TGB Promotions in Sherman Oaks and Lou DiBella in New York to handle the promotions of various PBC cards, but Golden Boy claims in its lawsuit that Haymon is paying those promoters a small fee and actually directing fighter purses himself.

In addition to the backing of a Kansas asset management company, Waddell & Reed, PBC is backed by other shareholders who could be identified as a result of the ruling in the Los Angeles court of U.S. Central District Court Judge John F. Walter.

Emails and other exchanges that reveal how PBC conducts business are also expected to be sought by those suing Haymon.

Arum sued Haymon earlier this year, alleging his practices intend to monopolize the sport. Arum lost former middleweight champion Julio Cesar Chavez Jr. to a settlement with PBC and is fighting in court to keep unbeaten super-featherweight champion Mikey Garcia from fleeing to PBC.

In his Tuesday ruling, Walter supported a Sept. 1 decision by arbitrator and retired judge Daniel H. Weinstein that determining the alleged antitrust actions “are not within the scope of the arbitration provision and that those claims are not presently arbitrable.”

Walter also scolded Haymon’s attorneys.

Although “the court was confident that defendants’ counsel would realize that the motion was now moot and withdraw it to avoid wasting judicial resources, counsel made the puzzling decision to pursue the motion and raised patently frivolous arguments in the reply,” Walter wrote.


Attorneys for Golden Boy Promotions and PBC did not immediately respond to interview requests from The Times.

Arum said Haymon’s attorneys have moved to dismiss his $100-million lawsuit filed on the same grounds as De La Hoya’s, but said the motion “has no chance.”
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#8
Old 10-19-2015, 10:46 AM
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Can't wait to hear the excuses after the GBP lawsuit doesn't dent the PBC train.
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Old 10-19-2015, 10:49 AM
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Default Lol maybe Oscar should have thought before he burned showtime with canelo

Lol. Oscar killed his own Company by going back on his deal with showtime. Is this haymon's fault? He only has one money making fighter and his other 2 semi named fighters just fot knocked out. One actually giving up. Lol
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#10
Old 10-19-2015, 10:53 AM
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Quote:
Originally Posted by IMDAZED View Post
Can't wait to hear the excuses after the GBP lawsuit doesn't dent the PBC train.
Can't wait to hear the excuses when GBP beats Haymon in court again and forces him to write another big check. Between that payout and all the money they are losing each card they will have blown through their investors money and will fold.
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