According to new legal documents, obtained by The Blast, Tayler Holder says the two social media phenoms have come to an agreement to drop the pending lawsuit, and go their separate ways. The duo was due in court his week for arguments over the ongoing litigation, but instead, lawyers in the case told the court they have agreed to a settlement.
As we reported, the ‘TikTok’ star is suing the YouTuber for breach of contract after alleging he was stiffed for the money guaranteed in his boxing contract. McBroom’s company ‘Social Gloves’ put on an amateur boxing match in Miami, Florida, with the main event being a fight between McBroom and TikToker Bryce Hall.
Tayler Holder & Austin McBroom Settle Their Financial Differences
Austin reached out to fellow social media stars, including Holder, to join the event — and use their massive audience and followers to promote pay-per-views for the event.
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“Counsel informs the Court that there is a pending settlement,” a minute order from the case reads. The judge in the case asks the lawyers to file the settlement with the court.
In the lawsuit, Holder claims he was paid $85,000 upfront to join the ranks of the boxing match — remember he had to train and promote it — and would receive an amount equal to or greater than $2 Million or 2% of the adjusted gross revenue of the event. Interestingly, Holder says McBroom approached him with a “backpack full of cash” to make the deal, but Tayler asked for a wire to be sent to his team instead.
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‘TikTok’ Star Says He Is Owed Millions Of Dollars
On June 12, Tayler Holder upheld his end of the bargain and boxed AnEsonGib, and fully went the distance. The problem is, he claims he was never paid for the event. According to the lawsuit, part of the problem might have been the low turnout on PPV, which reportedly equaled only 136,000.
“In light of the apparent underperformance of the Event, our firm has been retained to represent (McBroom) in connection with either a workout of the claims of all of its creditors or if a workout is not feasible a likely bankruptcy filing,” the lawsuit states.
In the lawsuit, Tayler slammed Austin saying the event was designed to collect from the McBroom family, and leverage the efforts of his social media peers. “The majority of the talent has not been paid for their efforts. This event was a success for one entity — the McBroom family,” Holder said.
Social Media Stars Moving On…
He continued, “The McBroom plan was to build a social media boxing promotion enterprise that would be leveraged on the backs and efforts of his peers and fellow social media stars. The plan was carried out on false promises of financial gain to his investors and talent.”
In the end, it appears the settlement might have been a partial payment of what was owed in the original contract — but, exactly what the settlement agreement is…isn’t listed in the legal documents.
On to another TikTok video…