Floyd Mayweather Jr. has officially thrown in the towel on his $100 million legal battle with Business Insider. The undefeated boxing legend, known for his flashy lifestyle and even flashier paydays, voluntarily dismissed his defamation lawsuit with prejudice—meaning he can't bring the same claims back to the ring. The countersuit from Business Insider was also dropped, and both sides will cover their own legal costs. A judge signed off on the dismissal on Tuesday, but it's still unclear if a settlement was reached behind the scenes.

The lawsuit, filed just over a year ago in New York federal court, stemmed from a March 2023 report by journalist Daniel Geiger. Geiger's story questioned the validity of Mayweather's high-profile real estate deals, including a reported agreement to buy a massive 62-building Manhattan apartment portfolio. According to the report, "there is no evidence there has been a sale." Mayweather fired back, accusing Geiger of launching a "campaign of harassment and defamation" driven by bias against his success. The lawsuit claimed the reporter refused to review documentation proving the deals were real and instead sought to "undermine" and "humiliate" the boxer publicly.

Business Insider, however, argued that Mayweather couldn't prove "actual malice"—the high bar required for defamation cases involving public figures. With the dismissal, the legal gloves are off, and Mayweather can now focus entirely on what he does best: fighting.

At 49, Mayweather has already announced his retirement from professional boxing back in 2017, but he's never been one to stay out of the spotlight for long. He un-retired earlier this year and has a few high-profile bouts lined up, including a highly anticipated rematch with Manny Pacquiao at the Sphere in Las Vegas and an exhibition showdown with Mike Tyson. With over $1.1 billion in career earnings and a perfect 50-0 record, Mayweather's legacy is already cemented—but he's clearly not done writing his story.