Floyd Mayweather has withdrawn his $175 million lawsuit against former business manager Jona Rechnitz and investment executive Ayal Frist, ending the current legal action while leaving open the possibility that the claims could be brought again.
Mayweather voluntarily withdrew the New York case Thursday, according to court records and his attorney Leo Jacobs. Jacobs confirmed the decision to ESPN, saying Mayweather had chosen to withdraw the claims “without prejudice.”
That distinction matters. A dismissal without prejudice generally does not prevent a plaintiff from bringing the claims again, meaning Mayweather has not permanently given up the allegations contained in the lawsuit. It remains unclear whether he intends to refile.
Mayweather filed the lawsuit in May, accusing Rechnitz and Frist of fraud and breaches of fiduciary duties involving multiple business transactions. Frist operates Frist Apex Ventures, a real estate and investment firm where Mayweather alleged he maintained substantial funds. Rechnitz was described in the complaint as a former investment manager who participated in the disputed transactions.
The original complaint sought at least $175 million in damages and included allegations involving investments, real estate transactions, jewelry and a private jet. Mayweather’s allegations have not been established as facts in court.
Rechnitz’s attorney denied the allegations after the lawsuit was filed, calling the claims “utterly baseless and refuted by substantial documentary evidence.” A source close to Rechnitz repeated that position following Mayweather’s withdrawal.
The timing of the withdrawal is also notable. Rechnitz and Frist had been expected to respond to Mayweather’s allegations in court Friday, according to the supplied court-record account. Mayweather’s withdrawal came before that deadline.
No reason for the decision has been publicly established. Jacobs did not provide an explanation beyond confirming that Mayweather had decided to withdraw the claim without prejudice.
The move does not resolve the underlying dispute or establish whether Mayweather’s allegations were valid. Instead, it closes the current case while preserving the possibility of another legal filing.
Mayweather remains involved in other legal disputes, including a separate federal lawsuit against Showtime Networks in which he alleges fraud and conspiracy. The retired boxing champion has also faced other civil and legal proceedings unrelated to the New York case.
