Top Rank sues Al Haymon/PBC series
- Updated: July 1, 2015
This morning news broke in the boxing world that a second multi-million dollar lawsuit was filed against Al Haymon, his entity Premier Boxing Champions, and his financial backers Waddell & Reed.
This time it was Top Rank Promotions who slapped AH/PBC/W&R with a $100 million dollar lawsuit, according to the LA Times, which combined with Golden Boy Promotions previously filed lawsuit of $300 million totals a whopping $400 million worth of lawsuits, interestingly enough the same amount reported that Haymon has received to start his ambitious PBC enterprise.
On May 6, 2015, Golden Boy Promotions filed a $300 million lawsuit against Al Haymon and his related companies alleging repeated violation of antitrust laws and the Muhammad Ali Boxing Reform Act. The case was filed in Federal Court in Los Angeles.
GBP founder Oscar De La Hoya issued a statement regarding TRP’s lawsuit against Haymon & Co.
“I applaud Bob Arum and Top Rank Boxing for stepping up on behalf of fighters not only in their own stable, but all across the sport. Those like Bob and myself who have spent the bulk of their lives around boxing understand that the Muhammad Ali Boxing Reform Act is a crucial piece of legislation that serves to protect boxers and enhance the sport. Golden Boy Promotions will continue to push forward with our own lawsuit to ensure our wonderful sport continues to grow in a competitive, just manner.”