'Meritless': Another blow to Floyd Mayweather's fortune as $138m legal claim dismissed
Floyd Mayweather's $100 million ($A138m) defamation lawsuit against publication Business Insider has been dismissed.
The retired boxer filed legal action just over a year ago against Business Insider over reporting on Mayweather's real estate activity.
Business Insider also filed counter claims but the case has been voluntarily dismissed with prejudice, meaning Mayweather cannot refile the same claims.
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It was ruled that each side will pay their own fees and costs.
"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 told Front Office Sports.
A spokesperson for Mayweather said he's now focused on "business ventures and scheduled fights in the near future."
The undefeated former champion engaged lawyers after reporting on Mayweather's real estate activity emerged.
The suit centred around reporting about real estate deals Mayweather publicly discussed, including an agreement to buy property in Manhattan.
The report stated "there is no evidence there has been a sale."
Floyd Mayweather Jr. speaks during a news conference to announce an upcoming full-contact exhibition match against kickboxer Mike Zambidis at the Mayweather Boxing Club on May 07, 2026 in Las Vegas, Nevada. The match between Mayweather Jr. and Zambidis will take place on June 27, 2026 in Athens, Greece. (Photo by Candice Ward/Getty Images) Getty
The lawsuit alleged that reporter Daniel Geiger "embarked on a campaign of harassment and defamation, characterised by aggressive and misleading journalism that not only distorts the truth but seems driven by a deep-seated bias against Mr. Mayweather's success."
It also claimed Geiger "refused" to review documentation proving the deals in question happened, and that he actively sought to "undermine" Mayweather's business ventures and "humiliate" him publicly.
Business Insider disputed the accusations, calling them "dishonest" in court filings.
The dismissal comes during a turbulent time for the legendary fighter, who amassed over $1 billion during his career.
Mayweather has been hit with several lawsuits and financial disputes, including a reported $US7.3 million tax bill for unpaid taxes from 2018 and 2023.
He's accused of failing to pay rent on a luxury Manhattan apartment and allegedly owes millions to jewellers.
Mayweather in a social media post.
Earlier this year, he sued Showtime Networks and former Showtime Sports executive Stephen Espinoza for more than $340 million over what he described as "misappropriated funds" over deals related to his fights.
He also filed a lawsuit against a Las Vegas supercar dealership over a disputed $1.2 million Maybach purchase.
Mayweather is currently linked to a rematch with Manny Pacquiao scheduled for September at the Sphere in Las Vegas.
He was supposed to fight an exhibition against Mike Tyson in April, but the date of the fight passed without a word from either camp.
However, his bout with Greek kickboxing great Mike Zambidis in Athens on June 27 is set to go ahead, with both fighters attending a press conference on Friday.
