Comments Thread For: Al Haymon/Investors Get Upper Hand in Top Rank Lawsuit

[IMDAZED]

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.

Save your breath.

[SchoolTheseCats]

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.”

Both lawsuits based off samething sham promoters, Ali act, Sherman act, if top rank couldn't prove anything what makes you think golden boy will be able to and haymon tried to get moved out of court into arbitration judge they used because they thought that golden boy case tied into that and was trying double dip

[BWC]

PBC ain't going anywhere

PPV is going the way of the T-Rex. PBC is the future folks. Either accept it or live in butthurt for the rest of your life..

[Kagami Taiga]

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.”

Do u even understand what any of that means? I really don't think u do.

[IMDAZED]

Do u even understand what any of that means? I really don't think u do.

Clearly not. But their hate for Haymon/PBC is so strong they search for anything.

I remember posters on here pulling up the CBS 10Q (when they were talking about how Showtime was losing all of this money because of Floyd) and actually pretending to understand what they were reading. It was ****ing embarrassing

[Eff Pandas]

Can't wait to hear the excuses when GBP beats Haymon in court again

I'd take that bet if this wouldn't take years to resolve if Oscar gets pass the thrown out stage (which is possible cuz Oscar does got more knowledge on how Haymon works, but I think he still comes up short even if he gets past the thrown out stage). Oscar is claiming some unfair advantage by Haymon since January while having 2 of his most anticipated fights that were non-Mayweather fights or non-his own fights in the last couple months in years by GBP lol. Good luck with that claim Oscar.

"Hey judge I can't do business in boxing anyone cuz of Haymon...also I'd like to throw a plug out there for the 2nd biggest PPV of 2015 coming up next month & the likely biggest PPV of 2016 between GGG & Canelo & I'd like to let the judge know about my new boxing show on Estrella TV in my closing argument."

Oscar made out well in the arbitration so I'm sure he's got a lil money to play with so I can't really blame him for trying this move, but I don't see it working based on the things that TR's lawsuit got shutdown over & the similarities in GBP's lawsuit. I think the burden of proof is gonna be too big for Oscar to prove in a highly competitive business like boxing where the players are making moves all the time. Oscar & TR just mad a new cat is making moves & bigger moves than they've ever made.

[Eff Pandas]

PPV is going the way of the T-Rex.

Hopefully.

[SchoolTheseCats]

Someone should post article of when nsb put up for when top rank sued haymon and look at all the replies for hate but those same cats staying as far away from this one as possible lol

[youbeight]

Someone should post article of when nsb put up for when top rank sued haymon and look at all the replies for hate but those same cats staying as far away from this one as possible lol

those nsb lawyers i tell ya

[bigdunny1]

Both lawsuits based off samething sham promoters, Ali act, Sherman act, if top rank couldn't prove anything what makes you think golden boy will be able to and haymon tried to get moved out of court into arbitration judge they used because they thought that golden boy case tied into that and was trying double dip

They are not the same. Top Rank's is geared about anti-trust and claims of monopoly. Golden Boy is about Haymon is illegally operating as both a Manager and Promoter violating the Ali Act which is clear that you can't be both. Given that Golden Boy had a alliance with Haymon for years and clearly has insider knowledge on how Haymon operates unlike Top Rank. Top Rank will refile their lawsuit and we'll see how that goes. But Golden Boy has always been the more serious and damaging lawsuit. Everyone in the industry knows Haymon is both manager and promoter and the "advisor" title is nothing more then a sham and the courts already ruled in Golden Boys favor that this is separate from their arbitration which Golden Boy won and forced Haymon to cut a huge check earlier this year.

The problem for Haymon is he's got idiot fighters posting checks on twitter only to later have it taken down (no doubt at the request of Haymon). That check is one of the pieces of evidence (only a promoter pays the fighter purse not a manager) that is part of the Golden Boy lawsuit. Also you got fighters on PBC doing interviews calling Haymon their promoter not manager not advisor but promoter. So even the fighters are admitting to it. lol Dan Rafael tweeted one of them out a few weeks ago saying I wonder how Haymon feels about his fighter calling him a promoter when he is in court right now denying that he is a promoter. You think Golden Boy won't use that in court? Golden Boy already beat Haymon in court once and will do it again. Golden Boy already knows how he operates they know where the bodies are buried if you will.