LOS ANGELES -- Top Rank, Inc., the nation's premier boxing promotion company, today filed a federal antitrust lawsuit seeking more than $100 million in damages and an injunction to stop the predatory practices of concert promoter-turned-boxing manager Al Haymon and the investment firm Waddell & Reed.
"Al Haymon and Waddell & Reed are engaged in a sophisticated scheme to gain control of the boxing industry,'' said Daniel Petrocelli, lead attorney for Top Rank and one of the nation's top trial lawyers.
"As the lawsuit explains in detail, they are violating federal law, defying state regulators and absorbing significant short-term losses to drive legitimate operators out of the business."
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"Al Haymon and Waddell & Reed are engaged in a sophisticated scheme to gain control of the boxing industry,'' said Daniel Petrocelli, lead attorney for Top Rank and one of the nation's top trial lawyers.
"As the lawsuit explains in detail, they are violating federal law, defying state regulators and absorbing significant short-term losses to drive legitimate operators out of the business."
[Click Here To Read More]
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