In 1998, Mike Tyson threw a knockout punch that shook the boxing world when he filed a $100M lawsuit against Don King. Want to know why and what happened next? Let's explore the cause and outcome of this epic legal battle.
Mike Tyson sued Don King for $100M, claiming that King and his companies cheated him out of millions for over a decade. Tyson alleges exploitation and contract confusion.
Lawsuit alleges King approved oppressive Tyson fight deals, despite conflicts of interest, benefiting his companies and boxing industry.
No comment from King's lawyer; suit claims Tyson cheated out of fair participation in deals worth $100M+ due to fraud.
The lawsuit claims that after Tyson parted ways with Don King, his new accountant asked for access to Tyson's records, but was denied by Tyson's former bookkeeper, who said the files were in cabinets owned by King.
In 2004, King paid Tyson $14 million to settle the lawsuit. However, the money went to Tyson's creditors and ex-wife, not him. Tyson's manager said he wanted to move on and become a champion again.