Floyd Mayweather has officially thrown in the towel on his $100 million defamation lawsuit against Business Insider, bringing an end to a legal battle that never made it to the ring. Court records show the case was voluntarily dismissed with prejudice this week—meaning the undefeated boxing legend can't refile the same claims. Business Insider also dropped its counterclaims, and both sides agreed to cover their own legal fees. A judge signed off on the dismissal on May 5.

For those keeping score, this was always going to be a tough fight for Mayweather. As a public figure, he needed to prove "actual malice"—a high legal bar that requires showing the reporter knew the story was false or acted with reckless disregard for the truth. The lawsuit stemmed from a Business Insider report by Daniel Geiger, who questioned Mayweather's claims about purchasing a massive 62-building Manhattan apartment portfolio. Geiger reported there was "no evidence there has been a sale," which Mayweather argued was defamatory and part of a "campaign of harassment."

"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. Meanwhile, a rep for Mayweather said the boxing icon is now focused on "business ventures and scheduled fights in the near future."

The dismissal comes during a turbulent stretch for the retired champion outside the ring. Recent months have seen Mayweather hit with multiple legal and financial challenges, including a reported $7.3 million IRS tax lien tied to unpaid taxes from 2018 and 2023. Separate lawsuits have also accused him of failing to pay rent on a luxury Manhattan apartment and owing millions to jewelers over high-end watches.

For fans of the sport, this is a reminder that even the greatest champions can't always win every fight—especially when the battle moves from the squared circle to the courtroom. Whether you're training for your own matches or just staying active, remember that discipline and focus are key, both in and out of the ring.