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Pacquiao Settles Legal Dispute With Golden Boy Promoters
Defamation case reaches a conclusion
Posted Jun 02, 2011 by Chris White
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After filing a defamation case against Richard Schaefer and Oscar de la Hoya back in December 2009, Manny Pacquiao and his legal team have finally reached a settlement.
Pacquiao started legal proceedings after alleging Floyd Mayweather Jr and his father defamed him when they claimed the Filipino boxer has used performance-enhancing drugs, including steroids, in the course of his career. Pacquiao also named both Mayweather's and his promoters as defendants.
The WBO World Welterweight champion's promoter, Bob Arum released the news of the settlement but did not disclose any of the details, but did state that the legal case against the Mayweather's is still ongoing.
After the settlement was reached, Schaefer said, "Manny Pacquiao is one of the greatest fighters of all time, and we apologize if anyone construed our prior remarks as in any way claiming or even suggesting that Manny uses or has used performance enhancing drugs."
The news of the settlement has sparked fresh speculation over the possibility of the fight between Pacquiao and Mayweather Jr, as Bob Arum previously said he would not work with Golden Boy until the promoters apologized for statements that could be used to hurt Pacquiao's political aspirations in the Philippines, where he is serving his first term as a congressman.
The fight is certainly one that the boxing world would love to see sooner rather than later before it ends up as two old men both on the way down in the ring as shadows of their former selves. But until the legal dispute between Pacquiao and the Mayweather's is sorted, it simply isn't going to happen.
Pacquiao is due to fight Juan Manuel Marquez on 13 November, while Mayweather is currently unable to fight as he is facing a number of criminal charges in Las Vegas.