Mayweather Withdraws $175 Million Lawsuit

Floyd Mayweather has withdrawn his $175 million lawsuit against former business associates Jona Rechnitz, Ayal Frist, Alexander Seligson and Frist Apex Ventures, according to court filings. The case was dismissed without prejudice, leaving Mayweather able to refile the claims, though he has not said whether he plans to do so. The New York lawsuit, filed in May, accused the defendants of fraud and breaches of fiduciary duties involving Mayweather’s money and business transactions. The allegations have not been tested or established by a court ruling in this case. Mayweather’s attorney, Leo Jacobs, said his client had decided to withdraw the claims without prejudice but did not explain the reason. Mayweather’s complaint alleged that proceeds from real estate transactions were diverted to accounts controlled by Rechnitz through Frist Apex Ventures. It also challenged specific payments and transfers, including a $7.5 million payment in 2024 for an investment Mayweather alleged never occurred and a $15 million transfer from a real-estate settlement that he alleged was unauthorized. Those details are allegations in the complaint, not findings by a court.