Judge denies Al Haymon bid to have Top Rank's $100M lawsuit tossed

Discussion in 'World Boxing Forum' started by attaboi, Jan 8, 2016.


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  1. attaboi

    attaboi Boxing Addict banned Full Member

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    A federal judge denied Premier Boxing Champions creator Al Haymon's motion to dismiss Top Rank's $100 million lawsuit against him on Wednesday, allowing the case to proceed to discovery and, if it gets that far, a jury trial.

    On July 1, Top Rank filed the suit in U.S. District Court in Los Angeles contending Haymon's PBC series is monopolistic and violates federal antitrust laws as well as the federal Muhammad Ali Boxing Reform Act. Haymon has purchased tens of millions of dollars worth of time for the PBC series on a multitude of television networks, including ESPN, NBC/NBC Sports Net, CBS, Spike TV, Fox/Fox Sports 1 and Bounce TV.

    The Ali Act makes it illegal to act as both a manager, who has a fiduciary duty to a boxer, and a promoter, who does not.

    Top Rank has alleged that Haymon serves in both capacities for most of the 200-plus fighters in his stable and merely hires what the lawsuit calls "sham" promoters to do his bidding.

    In late October, Top Rank's case was dealt a blow when Judge John F. Walter dismissed its antitrust claims, one of the core aspects of the suit, in a written order. Walter also granted co-defendant Waddell & Reed's motion to be dismissed from the suit.

    Waddell & Reed is the Kansas City-based investment group that Haymon lined up to invest more than $400 million from its $40 billion hedge fund in order to bankroll the PBC, which launched last March and has since put on more than 40 cards, with dozens more planned for this year and next.

    Walter also gave Top Rank the opportunity to file an amended complaint, minus Waddell and Reed, against Haymon. Top Rank did that shortly after the ruling, and, in a two-page ruling on Wednesday, Walter dismissed Haymon's motion to dismiss the case and said it could proceed based on the amended complaint.

    Walter wrote in his ruling that "although the Haymon Defendants' arguments are very persuasive," he did not believe that Haymon had presented enough evidence to warrant a dismissal.

    "The Court concludes that the issues raised by the Haymon Defendants with respect to Top Rank's federal antitrust claims are more appropriately resolved on a motion for summary judgment," Walter wrote.

    Top Rank chairman Bob Arum said he was pleased by the ruling in Top Rank's favor. He has had a fierce rivalry with Haymon for years that was only briefly set aside last year in order to finalize the revenue-record-shattering mega fight between Arum's star fighter, Manny Pacquiao, and Haymon's top client, Floyd Mayweather.

    "I'm delighted with the ruling, but I don't want to discuss it any further," Arum told ESPN.com.

    Haymon does not speak with the media. A Haymon spokesman declined to comment.

    Haymon also faces a $300 million lawsuit from Oscar De La Hoya's Golden Boy Promotions filed on similar grounds.
     
    attaboi, Jan 8, 2016
    attaboi, Jan 8, 2016
    #1
  2. Willie Maeket

    Willie Maeket "40 Acres and Mule" -General William T. Sherman Full Member

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    I remember when the FBI raided Top Ranks offices when Arum was accused of the same ****. I guess he wants Haymon to get some too. All the BIG promoters have, Arum, King, Duva, Goossen,...everybody goes to federal court after a while, it's the mafia of sports.

    That's boxing for you.
     
    Willie Maeket, Jan 8, 2016
    Willie Maeket, Jan 8, 2016
    #2
  3. lefthandlead

    lefthandlead Boxing Junkie Full Member

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    Arum is going to whip that butt..Take all that cherry pickers promoter's money. Maybe then we can get some good match ups.
     
    lefthandlead, Jan 8, 2016
    lefthandlead, Jan 8, 2016
    #3
  4. TinFoilHat

    TinFoilHat Boxing Addict Full Member

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    Amen 2 that!

    I'm sure Al has a lot of skeletons in his closet... Probably some trannies too.

    Worst promoter in boxing and needs to be stopped. He is blatantly trying to create a monopoly and if you can't see that you are BLIND.
     
    TinFoilHat, Jan 8, 2016
    TinFoilHat, Jan 8, 2016
    #4
  5. Limerickbox

    Limerickbox Boxing Junkie Full Member

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    Yes, because that's what Arum has always been known for...making good match ups.

    He certainly doesn't make in house fights, with never ending rematches
     
    Limerickbox, Jan 8, 2016
    Limerickbox, Jan 8, 2016
    #5
  6. lewis gassed

    lewis gassed The Bronze Dosser Full Member

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    This is gonna go to discovery and possible oral arguments, then either party can appeal to 9th Circuit later this year.
    Just another headache for Haymon :yep
     
    lewis gassed, Jan 8, 2016
    lewis gassed, Jan 8, 2016
    #6
  7. boxsensei

    boxsensei Boxing Junkie Full Member

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    P.S. Haymon haters. This doesn't mean a damn king. If your case gets dismissed before there's even been any discovery, its just means it was poorly, pled and likely frivolous to begin with. Unless the evidence favoring a dismissal is overwhelming, judges routinely deny becasue they don't want to get overturned on appeal. This doesn't even come close to signaling that Arum actually has a chance at winning this bull**** suit.
     
    boxsensei, Jan 8, 2016
    boxsensei, Jan 8, 2016
    #7
  8. Willie Maeket

    Willie Maeket "40 Acres and Mule" -General William T. Sherman Full Member

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    Preach :deal
     
    Willie Maeket, Jan 8, 2016
    Willie Maeket, Jan 8, 2016
    #8
  9. Enigmadanks

    Enigmadanks Boxing Addict Full Member

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    Just because the judge didn't throw the lawsuit out doesn't mean Haymon and his lawyers won't be able to beat it.
     
    Enigmadanks, Jan 8, 2016
    Enigmadanks, Jan 8, 2016
    #9
  10. Bulawayo

    Bulawayo Boxing Addict Full Member

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    Arum is on a suicide mission with that Turkey of a lawsuit.

    Bob has been killing fights for years and looted Pacman,but they hate Haymon:patsch

    Arum is deliberately ruining Mickey Garcia's career...but they mad at Al.
     
    Bulawayo, Jan 8, 2016
    Bulawayo, Jan 8, 2016
    #10
  11. Bollywooden

    Bollywooden Boxing Addict Full Member

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    Discovery is said to be actually what they want, because it uncovers Haymon's business dealings. Everything comes out into the open.

    P.S. Fuck Haymon, his failing PBC and all the little IV Jr toads who support him.
     
    Bollywooden, Jan 8, 2016
    Bollywooden, Jan 8, 2016
    #11
  12. Bulawayo

    Bulawayo Boxing Addict Full Member

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    This is surely one of Khan's glass-jawed brethren:lol:

    Why not say F.uck Bob Arum?

    All he did was rob Pac for years...ruin careers like Mickey Garcia...and kill fights.

    Haymon will continue to win...while Bob and GBP continue to lose.

    GBP has dropped all the way to Estrella TV:rofl
     
    Bulawayo, Jan 8, 2016
    Bulawayo, Jan 8, 2016
    #12
  13. dodong

    dodong >>PACQUIAO Full Member

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    haymon's operation looks so corrupt, this will probly be settled out of court.

    top rank and gbp are just wanting a piece of haymon's action/scheme from waddell & reed.
     
    dodong, Jan 8, 2016
    dodong, Jan 8, 2016
    #13
  14. Bollywooden

    Bollywooden Boxing Addict Full Member

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    An IV Jr toad?

    Mikey ruined his own career because Haymon was in his ear selling him cherrypicking dreams. Told him he could get loads of money fighting bums like the rest of the cherrypicking PBC stable. Should've checked his contract before Bob checked him.

    Lol at their sliding ratings, the public always have the final say and they don't watch utter **** even if it's free. Won't be long before Waddell & Reed pull the plug either, they'll soon get tired of throwing away good money after bad just like the public is tired of PBCs fraudulent mismatches.
     
    Bollywooden, Jan 8, 2016
    Bollywooden, Jan 8, 2016
    #14
  15. Bulawayo

    Bulawayo Boxing Addict Full Member

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    Typical scab mentality.

    Unlike Top Rank..

    Haymon's offices have never been raided by the FBI:deal
    Haymon has never been fined for fixing fights.:deal
    Haymon has never been investigated for buying Rankings.:deal

    That's Top Rank shi.t.

    Arum has Pac rooked and robbed...yet..you hate on Al.
    Oscar is a cross-dressing coked-up mess...but You love him.


    Haymon's fighters get PAID.

    Leo Santa Cruz made more fighting Jesus Ruiz(750,000) than Kovalev made (500,00) fighting Hopkins:rofl

    Duva made sure Sergey only saw a fraction of it.

    You guys are hating on the one guy that is LOOKING OUT FOR HIS FIGHTERS.

    Haymon has Vasyli Jirov(one of Al's first fighters) set for LIFE.:deal

    Beterbiev is cashing checks Sergey will never see and he only has 9 fights.

    Carl Frampton can cash Kovalev's check out of his pocket.:lol:


    You're hating on the wrong guy.
     
    Bulawayo, Jan 8, 2016
    Bulawayo, Jan 8, 2016
    #15
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