11.05.04 – Rock Newman, manager of former undisputed heavyweight champion Riddick Bowe, has received official notification from Bowe and his attorneys that Bowe has withdrawn his multi-million dollar lawsuit against Newman, Spencer Promotions and all related entities. Additionally Bowe further absolved Newman from any accusations of wrongdoing by issuing Newman an explicit and unequivocal apology (see attached original letter.)
Newman, who gained international acclaim and notoriety for his fierce loyalty and protection of Bowe, was “pleased with the results.”
Newman stated when the lawsuit was announced, “Someone is using and abusing Bowe and the legal claims stand logic on its head, as all dealings for Bowe were conducted with pristine integrity and ethics.”
”Bowe and his team of attorneys, auditors and accountants were provided with every
Newman, who now serves as Chairman of Left Right Marketing Technologies (LRMK,) a publicly-traded company, accepted Bowe’s apology and wishes him well in his future endeavors.
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Typed Copy of Original Letter
April 27, 2004
Dear Rock –
I have withdrawn all my legal claims against you. I was lied to and misled by a former advisor into thinking that you had stolen money from me. You have now provided every detail about how my finances were handled. I understand now that I was wrong to claim you took money from me and that it was unfair of me to bring the action against you.
When you were my manager, you always tried to show me and explain to me everything you were doing for me. I can see now that you took great care of me and of my finances. You did a great job for me throughout my career and I highly recommend you to any athlete looking for management, representation and guidance.
I hope you accept my apology for any difficulties these false claims have caused you.
Sincerely,
Riddick Bowe Sr