Lawrence Taylor's Felony Case Dropped

Lawrence Taylor 's attorney tells TMZ Sports the Hall of Famer's felony case has been dropped -- roughly one month after cops accused the ex-New York Giants star of failing to follow conditions imposed on him as a registered sex offender.

Mark Eiglarsh says the decision came down from Broward County prosecutors on Wednesday ... after he tells us he successfully showed the allegations against Taylor stemmed from nothing more than the former football player's estranged wife making claims in order to "gain leverage in their bitter, three-year divorce battle."

"We are deeply grateful for the prosecutors in this case," Eiglarsh said, "ensuring that true justice was served."

Eiglarsh and Lawrence posed for a picture following the news ... with each sporting a big smile on their faces.

We've reached out to prosecutors for comment, although so far, no word back yet.

Taylor was initially arrested in the case in mid-July ... after officers at the Pembroke Pines Police Department claimed he had not lived at his registered address in several months. As a registered sex offender, authorities argued he should face a felony charge for failing to report his residence change.

Following the arrest, Taylor pleaded not guilty ... and Eiglarsh called everything "a significant misunderstanding" -- something that apparently convinced prosecutors to drop the case.