Floyd Mayweather Drops Lawsuit Against Business Insider

Photo by Kate Frese/NBAE via Getty Images

Floyd Mayweather’s $100 million legal battle against Business Insider has officially come to an end.

Court records show the lawsuit was voluntarily dismissed with prejudice this week, meaning Floyd Mayweather cannot bring the same claims against the publication again. Business Insider’s counterclaims were also dropped, with both sides agreeing to cover their own legal fees and costs. A judge signed off on the dismissal on Tuesday, May 5.

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“We’re pleased that Floyd Mayweather, Jr. has dropped his lawsuit and that we can definitively put these meritless allegations to rest,” a Business Insider spokesperson said in a statement to Front Office Sports.

A representative for Mayweather confirmed the dispute had been resolved, saying the boxing icon is now focused on “business ventures and scheduled fights in the near future.”

The lawsuit stemmed from reporting on Mayweather’s real estate activity, including highly publicized claims about a proposed purchase of a 62-building Manhattan apartment portfolio. Business Insider reporter Daniel Geiger reported last year that there was “no evidence there has been a sale,” which led Mayweather to accuse the outlet of defamation and attempting to damage his reputation.

The complaint alleged Geiger engaged in a “campaign of harassment and defamation” and accused the reporter of intentionally undermining Mayweather’s business ventures. Business Insider denied the allegations in court filings and argued that Mayweather failed to meet the legal standard for proving defamation against a public figure.