According to a statement made by Manny Pacquiao’s people, he has officially settled his lawsuit with Oscar De La Hoya and Richard Schaefer of Golden Boy.
The lawsuit, of course, stemmed from Pacquiao’s December 2009 decision to file a defamation suit alleging that Floyd Mayweather Jr. and Sr. wrongly accused him of using performance enhancing drugs. That same suit named De La Hoya and Schaefer as defendants.
Although the conditions Pacquiao’s settlement with De La Hoya and Schaefer were not released, Top Rank promoter Bob Arum made it clear that the defamation case would continue against both members of the Mayweather family.
Top Rank also released a statement made by the two Golden Boy head honchos:
“Richard Schaefer and Oscar De La Hoya, on behalf of themselves and Golden Boy Promotions, wish to make it crystal clear that we never intended to claim that Manny Pacquiao has used or is using any performance enhancing drugs, and further state that we do not have any evidence whatsoever of such use.
"Manny Pacquiao is one of the greatest fighters of all time, and we apologize if anyone construed our prior remarks as in any way claiming or even suggesting that Manny uses or has used performance enhancing drugs.”
Pacquiao is scheduled to fight Juan Manual Marquez on November 13.