Comments Thread For: Manny Pacquiao Settles Defamation Suit With Golden Boy

[flint]

everything is about making money . reading in between the lines tells me that and it does'nt matter what pacquiao does in the ring from now and on because there's a asterisk following his cheating ass straight to the boxing hall of fame.mayweather has an esterisk on him too.

[Dale Cardon]

I'm not sure if GBP got out of that lawsuit mess without giving something in return aside from public apology. Arum was all smiles because he got what he wanted - GBP forfeiture of promotional rights to every Pacman fight, just a guess.

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[Phenom]

watch pacman still fight washed up Toprank fighters

[edgarg]

Doubt it cost them anything, certainly nothing close to millions. No reason for GBP to do that.

Possibly some legal fees which at this point would be relatively light and would only be a portion considering they were only part of the lawsuit.

They said he only wanted an apology and he got what he wanted, no need to go on if he got what he wanted from them~

The reason it could be undisclosed is they still have pending litigation and if it is known that GBP didn't really have to pay would not look good on Manny claiming damages from others~

It doesn't really benefit anyone (other than the lawyers) to be involved in a case like this so better to just end it for everyone involved.

"They said he only wanted an apology"... my goodness, Arum is a highly skilled lawyer as well as being a very intelligent man. What ANYONE says, (never mind Arum) and what he swears to under oath can be two very different things...........

This was only a public statement, because of the high profile and large publicity.

[Dale Cardon]

"Out of court" settlements are nearly always undicclosed. Most people or businesses, especially when it involves highly publicized matters, don't want to disclose the settlement amounts because they don't want to advertise how much was paid, or how little was paid. It often reveals who wa in the right, or in the wrong.

Who wants to have their private business matters made public??

very true, sir

[ThePrince]

You do realize it is more likely GBP gave them very little but an apology, that is why GBP would just apologize to clear up a lawsuit which is expensive and you never know in court.

If they wanted a lot GBP would have just continued on fighting but they took a cheap sure way out which is logical because it moves the ball forward and means they have less to worry about. Same for the other side.

Read the damn article. Says the terms of the agreement are confidential, meaning there was more to it than just a public apology, which was just a PR stunt.

Golden Boy backing off the Marquez fight was clearly part of the arrangement, and that's worth about $70+ million to Top Rank alone.

[flint]

at this point thet're called GOLDENGIRLS PROMOTIONS. what bunch of quitting punkout sissy's.

[pexman]

You do realize it is more likely GBP gave them very little but an apology, that is why GBP would just apologize to clear up a lawsuit which is expensive and you never know in court.

If they wanted a lot GBP would have just continued on fighting but they took a cheap sure way out which is logical because it moves the ball forward and means they have less to worry about. Same for the other side.

That's why I said " just a guess" and "ThePrince" expounded it further. It was a confidential settlement between the two party, and thus we are all speculating to our own biases or rather "educated guess" for the PC crap. Whatever those confidential settlements be, I hope TR and GBP remain true to their words and give us boxing fans what we been craving - a real superbowl of boxing.

[The Gambler1981]

"Out of court" settlements are nearly always undicclosed. Most people or businesses, especially when it involves highly publicized matters, don't want to disclose the settlement amounts because they don't want to advertise how much was paid, or how little was paid. It often reveals who wa in the right, or in the wrong.
right.

Who wants to have their private business matters made public??

Depends on the sides and what they want there are reasons for both to want it to be kept quiet though, which is why it is undisclosed.

I would not expect GBP to be paying out very much though in this situation, they offered an easy way out GBP took it because who wants to be in the uncertainty of litigation, that goes for both sides.

[edgarg]

Maybe little to the likes of millionaire Pac and GBP... Huge money to most of us here.

Going through the suit would entail millions of dollars in legal fees and punitive damages... a few million out of court settlement is good for both camps. It is a friendly way to settle whatever their differences are.

I give Pac props for agreeing to the settlement.

Arum might have been awarded up to $100 million if he'd won the case....PLUS all legal costs, and interest on the money since the writ was issued.