The online clothing store is being sued by a web developer.
Richard Womack is suing Boohoo.com for £118.5m (€133m) for breach of contract after he was promised a reward for creating the brand's website.
He claims that he was promised a 10 percent share in the company, founded by billionaire Mahmud Kamani.
According to the BBC, Mr Kamani says Mr Womack's claims are "completely without merit."
A spokesperson said: "There is no evidence to support Womack's claims because no offer of a stake in Boohoo was ever made to Womack.
"No monies are due and owing to Womack. Any claim which is formally served on Mr Kamani will be met with an application to strike it out."
In a statement, the web developer said that "a number of different attempts to extract substantial sums of money from Mahmud Kamani" were made. He added in that Mahmud is "entirely opportunistic" in his ways of business.
He added that he got "zero recognition" for his work and not "a single penny" after giving his skills to the site for more than two years.
Richard launched the website for Mahmud in 2006.
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