He does.
from fightnews

Paul Malignaggi was taken to Roosevelt Hospital where it was confirmed he suffered a broken nose and a fractured orbital socket in his brutal encounter with Cotto.

He is one tough guy, to take all of that and still only lose the fight 7-5. And the thing is he didn't fight better UNTIL he got the broken nose and etc. That's real impressive. Maybe Malignaggi is as good as he said he was, Cotto's just better then he said he was as well.