Comments Thread For: Golden Boy Files Official Lawsuit Against Al Haymon

[In Motion]

I know that, but I just found it amusing how Bernard went from Al being a Long Trusted Friend to Enemy so quickly. It is all about the money and being left out. Oscar and Bernard got left behind from the gravy train and are now mad.

I guarantee you that if Al had them promoting some PBC events, they would still be on best of terms, and they would be saying "what's an Ali act?"

Not sure why Bernard is so mad, he could easily quit his Golden Boy job and join PBC/Haymon en****** reather quickly.

[Mitchell Kane]

Just an update...

Lance Pugmire @latimespugmire · 3h3 hours ago
Judges deny Al Haymon motion to move the Golden Boy lawsuit to arbitration, so the lawsuit will proceed.

Lance Pugmire @latimespugmire · 2h2 hours ago
Bob Arum tells me the federal judge and mediator's ruling means "everything is going to come out" about PBC.

Lance Pugmire @latimespugmire · 2h2 hours ago
Discovery, depositions and other details are in play.

[louvega]

This could be interesting.

[Eastcoast]

If Haymon gets exposed with any illegal practices, Waddell & Reed will be forced to pull the plug.

[Mitchell Kane]

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

Judge's ruling could force answers to how Al Haymon's Premier Boxing Champions operates
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.

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.

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.

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.

[AddiX]

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.

This is new to me, I'm very interested to know who the silent partners in this are.

Before Schaefer left his Swiss Bank job laundering dirty money for the mob and politicians, there was talk he helped launder a **** load a stolen money for a french (?) politician, and helped get him out of the country.

No one really knows where that money went but its believed it was invested\laundered in Vegas, particularly Boxing.

[Mitchell Kane]

This is new to me, I'm very interested to know who the silent partners in this are.

Before Schaefer left his Swiss Bank job laundering dirty money for the mob and politicians, there was talk he helped launder a **** load a stolen money for a french (?) politician, and helped get him out of the country.

No one really knows where that money went but its believed it was invested\laundered in Vegas, particularly Boxing.

You're talking about this?

http://janbtucker.com/blog/2014/06/0...aint-of-trade/

[AddiX]

You're talking about this?

http://janbtucker.com/blog/2014/06/0...aint-of-trade/

Yep, that Would be it.

Unfortunately only about 2% of the posters actually have the patience to read something that long.

There's actually maggots here that praise Schaefer and root for him to get back in this sport.

This guy will take this sport for everything he can, the same way he took GBP for everything he could.

[Mitchell Kane]

Yep, that Would be it.

Unfortunately only about 2% of the posters actually have the patience to read something that long.

There's actually maggots here that praise Schaefer and root for him to get back in this sport.

This guy will take this sport for everything he can, the same way he took GBP for everything he could.

I remember reading it last year.

Just read through it again...looks like he's updated it since then.

[Eff Pandas]

Wonder if any of the investors who took there money out of GBP when Richard left put it into PBC?

Also I'm sure Haymon gots some of his own money in this. People keep acting like Haymon is just bathing each night with his 15% fighter deal money, but I'd be shocked if he doesn't have a nice amount in this PBC thing himself. This is a cat who's invested in himself his whole career, building businesses from other businesses, he's got an eye on the long game & the upside that comes from that.