NEW YORK - IBF heavyweight champion Wladimir Klitschko was hit with a $5 million lawsuit Thursday over last year's canceled fight with Shannon Briggs at Madison Square Garden.
The suit, filed in New York State Supreme Court, alleges breach of contract, breach of covenant of good faith and fair dealing and fraudulent misrepresentation.
Cedric Kushner, president of Gotham Boxing Inc., filed the lawsuit against Klitschko, promoter Shelly Finkel, Shelly Finkel Management, K2 Promotions and Sport Five.
"Briggs was strung along for close to two months by the Klitschko camp," Kushner said in a statement. "I relied on Shelly's word and regrettably that was a mistake."
The fight was scheduled for Nov. 11.
