Former Canelo promoter wins court battle with Golden Boy

[SoulByThePound]

...lol........

[ladiesman217]

LOL...The judge is named Cynamon.

This is too good to be just a coincidence.

[The Gambler1981]

Well that just means GBP will now appeal, after that they will likely settle it but they will appeal first to gain leverage so they don't have to pay in full.

[RichardP]

thats why they made mayweather-canelo for layer fees and payback fees. LOL. but if this is real, i want to see it reported by espn or boxingscene

[DoktorSleepless]

Found this from a few months ago. The lawsuit was more than just money. They also wanted Canelo back to their promotional company.

The legal action filed in January 2011 and has in his hands the lawyer Alex Brito, seeks to revert to Zabala jr. not only the money he lost from potentially when the boxer was taken over by an entity directed by Oscar de la Hoya, but the very Alvarez returns with the entrepreneur based in the city of Miami.

"Everything is going well, moving, and continue gathering evidence, taking depositions and looking at every detail to have a stronger case,'' said Brito. "We believe we have right on our side, the evidence and that we will be victorious.'' Zabala Jr., meanwhile, not only wants monetary restitution, but the fulfillment of the original agreement.

"I want to get paid and stay with the boxer, what I want is for him to return with me, which cleared the deal we signed both and it worked at the time,'' said Zabala Jr., who was born in Puerto Rico of parents Cubans. "Oscar De La Hoya and his people think they can trample the little ones in this business. We have rights and documents indicating that El Canelo had a contract to honor.''

http://www.elnuevoherald.com/2013/04/22/1459929/avanza-demanda-en-miami-contra.html#storylink=cpy

If they won the puninative damages, it doesn't seem unlikely that they would also win the promotionals right as well.

[edgarg]

LOL...The judge is named Cynamon.

Yes, I had already looked it up on the internet and noticed that...quite a coincidence.

[DoktorSleepless]

A lawyer guy on twitter says this doesn't mean ASB won yet.

@EdwinAA @stevemaxboxing Thats exactly what I wanted to see. Court was deciding a Motion to Amend Complaint. = its very very early in case

— linusesq (@linusesq) October 4, 2013

@EdwinAA @stevemaxboxing no "finding" against GBP yet, just ASB has "pled enough facts" which, if proven true, would spell big trouble 4GBP

— linusesq (@linusesq) October 4, 2013

[edgarg]

Here's the full document. Doesn't say anything Canelo being freed from Golden Boy's contract. I think they're just getting money. Who knows though.

It appears that a court action (for what it didn't say, perhaps to rescind the GB contract) was already under way, and Star applied to the court to ADD this action for punitive damages to the original......

Punitive damages are generally by far the most lucrative part of any court action. And since Alvarez has been doing so well and making so much money for Golden Balls, I can see another multi-million award, and Oscar doing another quick getaway to the nearest Betty Ford Sanitarium.....