In a surprising turn of events, Floyd Mayweather Jr. has voluntarily dropped his $100 million defamation lawsuit against Business Insider and reporter Daniel Geiger. The decision was formalized through a stipulation of voluntary dismissal filed on May 4, 2026, in the United States District Court for the Southern District of New York. Both parties have agreed to cover their own legal fees and costs, and all counterclaims filed by Geiger and Insider against Mayweather have also been dismissed.

The lawsuit, originally filed in May 2025, centered on a March 2025 Business Insider report by Geiger. The report claimed there was "no evidence there has been a sale" of a 62-building Manhattan apartment portfolio—part of a roughly $400 million deal—that Mayweather had publicly stated he purchased. Mayweather's legal team argued that Geiger refused to review documents proving the transactions occurred and that the reporting was fueled by racial bias against the undefeated boxing legend.

At the time of the filing, Business Insider stood firm, vowing to "vigorously defend against this meritless attempt to discredit our reporting and smear our reporter." The dismissal marks the end of a high-profile legal battle that had drawn attention from both sports and media circles.

This isn't the first time Business Insider has faced a defamation suit from a prominent sports figure. In 2022, Barstool Sports founder Dave Portnoy sued the publication over sexual assault allegations, a case that was also eventually dropped. For Mayweather, known as much for his undefeated 50-0 record as his flashy lifestyle and business ventures, this legal chapter closes without a courtroom showdown—leaving fans and analysts to wonder what might have been revealed if the case had gone to trial.