After taking major backlash for hanging out with President Donald Trump in October and taking a hit in the court of public opinion, Mike Tyson recently had a win — this time in an actual courtroom. The former heavyweight boxing champion and wrestling legend Ric Flair secured a significant legal victory in their $50 million lawsuit involving their cannabis business.
About the Lawsuit
A federal judge in Illinois has rejected a request by five defendants to dismiss the lawsuit, allowing Tyson and Flair‘s racketeering case against former business associates connected to Carma, the company behind their cannabis brands, Tyson 2.0 and Ric Flair Drip, to move forward, TMZ reported on Nov. 6.
The lawsuit, initially filed in December 2025, accuses former Carma executives and associates of financial misconduct, including allegedly using company money for personal expenses and arranging business deals that benefited themselves without the knowledge of Tyson and Flair.
According to the complaint, two former executives allegedly diverted more than $1 million in company funds to cover private jet travel, yacht expenses, home renovations, mortgage payments, as well as entertainment.
Other defendants are also accused of receiving undisclosed kickbacks from deals they negotiated involving the company’s business interests and intellectual property.
The five defendants — Chad Bronstein, Adam Wilks, Nicole Cosby, James Case and Christopher Volo — filed a joint motion seeking to have the case dismissed. However, the judge rejected their request, allowing the lawsuit to proceed.
The ruling is not a final judgment against the defendants, nor does it mean Tyson and Flair have been awarded the $50 million in damages they are seeking.
A representative for Tyson 2.0 welcomed the decision, saying, “this ruling represents a significant development in our clients’ pursuit of justice. Mike Tyson and his fellow plaintiffs have brought this case because they were victims of serious financial misconduct and a calculated betrayal of the obligations owed to them and their businesses.”
The courtroom development comes less than a month after Tyson drew criticism on social media for appearing alongside Trump at the White House and later accompanying the president to a political rally in Syracuse, New York.
