Court Takes Over Tha Row

[Meho]

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Court Takes Over Tha Row

by Natalie Finn
Jul 7, 2006, 7:40 PM PT



Tha Row is now up the river with a court-appointed paddle.

A federal court judge authorized a bankruptcy trustee takeover of Marion "Suge" Knight's Death Row Records Friday, saying that "it seems apparent there is no one at the helm" of the label founded in 1991 by Knight and Dr. Dre and once home to rap superstars Tupac Shakur and Snoop Dogg.

(Trustees are like magicians--they take whatever assets are left and convert them into cash to pay off the creditors. They can also tell creditors to take a hike if they investigate and find that the requests for reimbursement are in the wrong.)

Knight, who testified in May that he was down to his last $11 in the bank (along with about $28,000 in material possessions), has admitted that he hasn't perused his own company's sloppily kept financial books in about 10 years.

Despite that seemingly damaging admission, Knight's attorney, Daniel McCarthy, told U.S. Bankruptcy Judge Ellen Carroll that his client was indeed "at the helm" of Death Row Records and has been negotiating revised distribution deals for the label's catalog.

"Please give him some time to do that," McCarthy said. Knight was not in court Friday--a fact that his creditors' attorneys emphasized as being indicative of just how far removed the big boss is from his foundering enterprise.

Knight also skipped a meeting with his creditors earlier in the week after injuring himself in a motorcycle accident last Sunday. Knight was "under doctor's orders not to even go out," according to his lawyer. The 41-year-old hip-hop mogul missed another meeting before then, as well, citing a death in the family as the reason for his absence.

Knight filed for personal and corporate bankruptcy protection Apr. 4 in order to stave off this sort of court-ordered takeover, claiming that a 2005 civil judgment that went against him to the tune of $107 million had wiped him out. Lydia Harris, who alleged that she and her husband Michael had helped bankroll Death Row back in its early days and were entitled to 50 percent of its earnings, sued Knight in 2002 and won a shaky ruling--reportedly based more on the fact that the defense held back info from the court than on merit.

Knight has since countersued Michael Harris for $106 million in damages.

Per the bankruptcy filing, Death Row has assets valued between $1 million and $10 million and debts exceeding $100 million. Hence all the red ink.

Judge Carroll has held off on appointing a trustee in Knight's personal bankruptcy case.

The good news is Knight doesn't have to go to prison for any reason, a fate that wouldn't be that unfamiliar to the label exec who spent nearly five years behind bars for probation violation and was released in 2001 into the open arms of civil litigation and financial troubles. He has been jailed briefly a couple of times since then for violating his parole.
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[Jip]

watch 50 buy that shit

[o g s u e s o n e]

who cares, good "k"night, fuck him.

[The Predator]

^haha

[youngmessnucca]

who cares, good "k"night, fuck him.

co-sign, I got sick of this guy 10 years ago.

[Wild_Elmo]

who cares, good "k"night, fuck him.

co-sign, I got sick of this guy 10 years ago.

10 years ago you were jacking off to some of the best westcoast music ever released thanks to him.

[youngmessnucca]

who cares, good "k"night, fuck him.

co-sign, I got sick of this guy 10 years ago.

10 years ago you were jacking off to some of the best westcoast music ever released thanks to him.

Take a break, and clean the sand outta ya vagina. 10 years ago, Pac died, Dre left the label, Death Row had nothing to offer. Plus, Suge had NOTHING to do with the quality of the music, he can't rap and he don't make beats. All he ever was, and ever will be is an intimidator. You sound like a groupie.

[MOB]

^^still,without him, u wouldn't have had these albums.

['DsR']

not shocking... the row died 10 years ago when pac died.

[MOB]

edit:double post

[Wild_Elmo]

who cares, good "k"night, fuck him.

co-sign, I got sick of this guy 10 years ago.

10 years ago you were jacking off to some of the best westcoast music ever released thanks to him.

Take a break, and clean the sand outta ya vagina. 10 years ago, Pac died, Dre left the label, Death Row had nothing to offer. Plus, Suge had NOTHING to do with the quality of the music, he can't rap and he don't make beats. All he ever was, and ever will be is an intimidator. You sound like a groupie.

See, now you're just not giving Suge any credit at all. You know damn well Suge did more than you say he did rather than just serve as an intimidator. You also failed to mention the albums All Eyez On Me, Makaveli: 7 Day Theory, and Doggfather were released 10 years ago. But it looks like your little timeline focuses only on the negative that happened that year.

[youngmessnucca]

Because thats what sticks out. Im an agreeable person, but I will NEVER cave in and give that piece of shit credit for anything. EVER. Again, these artists would have found other outlets for there music to be heard, Suge has no talent and nothing to do with the musical side. Fuck that chump, LOL@ Deathrow East, straight comedy.

[Fonky Fresh]

bye bye Suge

[Wild_Elmo]

I will NEVER cave in and give that piece of shit credit for anything. EVER. Again, these artists would have found other outlets for there music to be heard, Suge has no talent and nothing to do with the musical side.

You won't give him credit for putting together a westcoast powerhouse? Yeah you're right, the artists would have found other places to put out their music. But it would be no where near the same or better than their releases on Death Row. 2Pac for instance, when Suge bailed him out of jail, had a different style when he joined Death Row. He took his "Me Against the World" mentality to a whole new level.

[youngmessnucca]

I will NEVER cave in and give that piece of shit credit for anything. EVER. Again, these artists would have found other outlets for there music to be heard, Suge has no talent and nothing to do with the musical side.

You won't give him credit for putting together a westcoast powerhouse? Yeah you're right, the artists would have found other places to put out their music. But it would be no where near the same or better than their releases on Death Row. 2Pac for instance, when Suge bailed him out of jail, had a different style when he joined Death Row. He took his "Me Against the World" mentality to a whole new level.

Yeah, and thats what eventually lead to his ( Pac's ) demise. Suge Knight only wanted negativity to be shown to the world. He was an intimidator, and yes, he did put together a great roster of artists, but he did this using scare tacticts. He has no visible talent, and he is also the BIGGEST HATER in rap history. This is what sticks in my mind the most. While it's true that Snoop & DPG will never release music the same quality as the DR days, you have to take into consideration how hungry they were back then.When I think about the good old DR days, I don't think Suge, cuz he had nuthin to do with the musical aspect. This aint a personal attack on Elmizzy or your beliefs, but I wont ever give Suge any credit whatsoever.