Top Rank filed a $100 million lawsuit Wednesday against boxing manager Al Haymon, alleging he and his partners, the investment firm of Waddell & Reed, broke federal antitrust laws and also violated the Muhammad Ali Boxing Act.
“It’s been something we’ve been working on for a while,” Top Rank chairman Bob Arum said after the suit was filed in U.S. District Court of Los Angeles. “It’s something that we’re taking very seriously.”
The suit claims Haymon has simultaneously managed boxers and promoted fights in direct violation of the Ali Act, which became a law in 2000 to protect fighters from such practices.
The suit also claims that Haymon paid boxers not to spar with fighters promoted by Top Rank and that Haymon forbade fighters under contract to him from being promoted by Top Rank and other promoters, preventing them from having access to major venues and blocking them from TV opportunities.
Full content: The Washington Post
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI