Pacquiao settles suit with De La Hoya

Sports Network

, Last Updated: 3:27 AM ET

LOS ANGELES - Manny Pacquiao has settled his defamation lawsuit against Oscar De La Hoya and Golden Boy chief executive Richard Schaefer over allegations that Pacquiao used performance enhancing drugs.

The lawsuit against De La Hoya and Schaefer was settled on confidential terms and dismissed, according to a news release issued Tuesday.

Floyd Mayweather Jr. was also named in the original suit, filed in December 2009, which stemmed from the contentious leadup to a possible fight between Mayweather and Pacquiao the following year.

There was no indication Pacquiao has settled with Mayweather.

But De La Hoya and Schaefer issued a statement and an apology to Pacquiao, saying they "never intended to claim that Manny Pacquiao has used or is using any performance enhancing drugs" and that they have no evidence of such use.

The original suit alleged that Mayweather and others -- including Mayweather's father and uncle, as well as De La Hoya and Schaefer -- stated publicly that Pacquiao used performance-enhancing drugs, including steroids.

It said Mayweather Jr. and the others knew their statements were false and there was no evidence to substantiate them, citing more than 10 years of drug tests passed by Pacquiao. The suit said they set out to destroy Pacquiao's reputation and that he suffered irreparable damage to his career.

De La Hoya had already issued an apology to Pacquiao and Bob Arum, founder and CEO of Top Rank, via his verified Twitter account last week. In a series of posts, he called Pacquiao "a great champion" and seemed to call for a truce between Golden Boy, the company founded by him, and Arum's Top Rank.

"Manny Pacquiao is one of the greatest fighters of all time," the statement from De La Hoya and Schaefer said, "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."

De La Hoya hasn't fought since being stopped by Pacquiao after eight rounds in their highly-anticipated December 6, 2008 bout.

Mayweather and Pacquiao never fought, at least in part because Pacquiao wouldn't agree to the Olympic-level drug testing suggested by Mayweather.


Photos