Cohen's team said the decision to discontinue the case was "a hard one". "But given the events that have unfolded, and the time, attention and resources needed to prosecute these matters, we have dismissed the matters, despite their merits".
The dossier claims that Cohen met with Russian operatives in Europe for a meeting to "clean up the mess" over disclosures of other Trump associates' reported ties to Russia. With those civil lawsuits ongoing in federal courts, it may also have been hard for Cohen to persuade a judge to postpone a suit that porn star Stormy Daniels filed against Trump over their alleged affair.
Fusion GPS said in a statement that it welcomed Cohen's decision.
Trump lawyer Michael Cohen withdraws defamation...
On a recent press gaggle aboard Air Force One, Trump told reporters that he doesn't know where Cohen got the money or why he was moved to pay-off Daniels.
'Dance Moms' Star Abby Lee Miller Diagnosed With Non-Hodgkin's Lymphoma
She had been hospitalized on April 10, reported TMZ.com , for what People magazine later said was a thyroid condition. Abby Lee Miller has been diagnosed with Non-Hodgkin lymphoma just weeks after leaving prison, according to reports .
The decision takes place before the backdrop of a major report from McClatchy.
A recent report from McClatchy said that Robert Mueller, the special counsel investigating alleged Russian interference in the 2016 USA election, has found evidence that Cohen did travel to Prague.
BuzzFeed, however, declared victory in the dropped lawsuit.
The pit bull lawyer proved his bark is way worse than his bite when he abruptly dropped the suit even though he still claims the dossier is full of lies, Politico reported.
"If there's one thing Democrats and Republicans agree on today, it's that the dossier was an important part of the government's investigation into potential collusion between the Trump Campaign and Russian Federation", he continued. "We strongly believed that publishing the disputed document whose existence we and others were reporting was in the public interest".
Lawyers for President Trump's personal attorney seek to block prosecutors' access to his files; Laura Ingle reports from New York City.
Cohen did not immediately return a request for comment.