Lem Satterfield

Main Events drops lawsuit vs. Golden Boy, Showtime, Al Haymon

Main Events has dropped a lawsuit filed in April against advisor Al Haymon, promoter Yvon Michel, Showtime and Golden Boy charging those parties with interfering with a tentative fight between Adonis Stevenson and Sergey Kovalev, Main Events CEO Kathy Duva informed RingTV.com on Monday.

The move by Main Events comes in the wake of a deal being reached with Golden Boy on Friday evening for Bernard Hopkins (55-6-2, 32 knockouts) to put his IBF and WBA light heavyweight titles on the line against Kovalev (25-0-1, 23 KOs), who holds the WBO title, on HBO.

Hopkins-Kovalev would take place Nov. 8 at either Boardwalk Hall in Atlantic City or Barclays Center in Brooklyn.

“We dropped the charges. We’ve dismissed it. … We’ve got what we wanted,” said Duva, in an interview with RingTV.com in advance of the official release. 

“Sergey wanted the big fight, we’ve got the big fight, and we’ve dismissed the case because, at this point, we don’t have any damages. So, at this point, it’s dismissed.”

Duva had said that the complaint sought “millions” in damages and alleged breach of contract, breach of fiduciary duty, fraud, tortious interference and interference with prospective economic advantage on the part of Stevenson and the above-mentioned entities.

Main Events had alleged that Michel, a Canadian promoter who handles Stevenson, reneged on a deal to stage the light heavyweight fight between his client and Kovalev, and accused Haymon, in conjunction with Golden Boy, of interfering in attempt to make a fight between Stevenson and Bernard Hopkins, who is handled by Haymon and Golden Boy.

The suit also alleged that Showtime made an offer to televise Stevenson-Hopkins without regard for the purported Stevenson-Kovalev agreement.

 

Below is the full press release:

Totowa, NJ: Having achieved its goal of making a light heavyweight unification fight for Sergey Kovalev, Main Events filed paperwork in the Southern District of New York today formally dropping their lawsuit against Groupe Yvon Michel, Inc., Yvon Michel, Adonis Stevenson, Al Haymon, Showtime, Golden Boy Promotions, Inc., and Richard Schaefer. With the announcement of the upcoming unification bout between WBO Light Heavyweight Champion Sergey “Krusher” Kovalev (25-0-1, 23 KOs) and WBA/IBF Light Heavyweight Champion Bernard “The Alien” Hopkins (55-6-2, 32 KOs), Main Events succeeded in obtaining the result it sought for Kovalev.

 
Main Events filed the lawsuit in April after Groupe Yvon Michel and Stevenson failed to honor an agreement for a scheduled bout between Sergey “Krusher” Kovalev and WBC Light Heavyweight Champion Adonis “Superman” Stevenson (24-1, 20 KOs). Now that Kovalev is scheduled for a unification bout with Hopkins, Main Events decided to drop the suit without prejudice, retaining the right to reinstate the litigation in the event the fight between Hopkins and Kovalev does not proceed as scheduled.

Main Events’ CEO Kathy Duva said, “The purpose of the lawsuit was to secure a unification bout for Sergey and allow him to face the top competition in the light heavyweight division. By signing on with Hopkins and Golden Boy Promotions for a three-title unification bout, Main Events secured the big fight that Sergey wanted. We no longer have damages, so we will not proceed with the litigation at this time.”

 

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