Edited Press Release: A New York arbitrator, Leo Milonas, ruled that Jermain Taylor's former management company, World Class Boxing, failed to properly extend Taylor's contract and therefore it is not entitled to a percentage of his recent earnings. Taylor was represented in the arbitration by Barry H. Berke, a partner at the New York law firm Kramer Levin Naftalis & Frankel. Taylor was previously managed by WCB, but soon tired of the company, especially since it advised him not to sign an HBO contract and fired Mark Vaz, a Boston-based boxing manager. Vaz sued WCB for firing them, and along with his Michael Moynihan, obtained from a court injunction freezing WCB's assets. With its assets frozen, WCB was unable to pay Taylor the bonus needed to extend the management contract. They got a check from a third party, but the arbitrator ruled that was insufficient and therefore the extension was ineffective. Taylor is now advised by Al Haymon. The decision potentially saved Taylor $2 million dollars, depending on how much he earns for the rest of this year.