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Author Topic: New Owners Of Death Row Sued For $25 Million  (Read 745 times)

Kameroti

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New Owners Of Death Row Sued For $25 Million
« on: July 16, 2008, 04:11:47 PM »
Despite a high profile acquisition of Death Row Records by Global Music Group, the legal woes for the former Hip-Hop giant continues, as venture capitalist Ron Goldberg is suing the new owners for $25 million.



Goldberg alleged in Superior Court that the investors he recruited for the acquisition conspired with Global Music Group president Anthony Marotta and closed the deal without his knowledge.



He also names Susan Berg and Reggie Bush of RSB Investment Strategies as parties he recruited for the deal. Global Music Group acquired Death Row Records for $24 million just weeks ago, on June 24.



Goldberg further claims that the investors and Marotta used “confidential know-how, data, techniques, and contacts” that Goldberg himself had polished and refined for the deal. Death Row Records was founded in 1991 by Dr. Dre and Marion “Suge” Knight.



At its peak in 1995, the label was home to Tupac, Snoop Dogg, Tha Dogg Pound, The Lady of Rage, DJ Quik and many other West Coast stars.



Following the untimely death of Tupac Shakur in 1996 and the subsequent departures of Dr. Dre and Snoop Dogg, the label began a tumultuous decline behind unpaid royalties, inaccurate accounting practices, and Suge Knight’s periodic incarcerations.



Knight filed for Chapter 11 bankruptcy protection in April 2006, after losing a $100 million lawsuit to Death Row’s contested silent partners, Lydia and Michael “Harry-O” Harris.



Global Music Group’s $24 million acquisition gives the company all of Death Row’s assets, including its masters.
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G-Funk

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #1 on: July 16, 2008, 04:14:17 PM »
damn. now what? :D
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The "Untouchable" DJR

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #2 on: July 16, 2008, 05:16:21 PM »
Quote from: G-Funk on July 16, 2008, 04:14:17 PM
damn. now what? :D

Give it back to the man in my sig.
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GangstaBoogy

Re: New Owners Of Death Row Sued For $25 Million
« Reply #3 on: July 16, 2008, 05:24:20 PM »
Lol @ the heading alone. That shit is funny as fuck!
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Mackin

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #4 on: July 16, 2008, 05:33:09 PM »
http://www.dubcnn.com/connect/index.php?topic=187279.0

That Label is cursed!!!
I bet Suge is laughing his ass off!! ;D ;D ;D
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late night

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #5 on: July 16, 2008, 05:42:35 PM »
Welcome to Death Row.
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JRK

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #6 on: July 16, 2008, 06:13:18 PM »
Quote from: late night on July 16, 2008, 05:42:35 PM
Welcome to Death Row.

Like we always do about this time... Ha ha haaaaaaaaa "The Chronic"
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DPGC23

Re: New Owners Of Death Row Sued For $25 Million
« Reply #7 on: July 16, 2008, 07:38:56 PM »
HAHA DAMM ALREADY

DPGC23
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Kilo4

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #8 on: July 16, 2008, 08:53:06 PM »
source? link?
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G-Funk

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #9 on: July 16, 2008, 10:29:37 PM »
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Darksider

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #10 on: July 17, 2008, 05:16:10 AM »
just some mad ex patna....as long as he doesnt make a certain man unhappy he will be allright
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Ezekiel Whitmore

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #11 on: July 17, 2008, 06:01:52 AM »
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Kilo4

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #12 on: July 18, 2008, 09:57:25 PM »
Quote from: G-Funk on July 16, 2008, 10:29:37 PM
Quote from: Kilo4 on July 16, 2008, 08:53:06 PM
source? link?

http://allhiphop.com/stories/news/archive/2008/07/16/20300884.aspx
Thanks 4 the confirmation and link.

i dont know how that is spam tho asking to confirm this story?.
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o g s u e s o n e

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Re: New Owners Of Death Row Sued For $25 Million
« Reply #13 on: July 19, 2008, 03:16:22 AM »
Quote from: Mackin4Life-Lone Wolf Of Dubcc on July 16, 2008, 05:33:09 PM

I bet Suge is laughing his ass off!! ;D ;D ;D

he lost his fuckin lifework cuz of his stupidity. dont think so that he can laugh about all that. lol
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hrsmn_london

Re: New Owners Of Death Row Sued For $25 Million
« Reply #14 on: July 19, 2008, 03:29:16 AM »
They need to do something decent with the masters.
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