RBX ALBUM “HIBERNATION SHIVERS” OUT NOW!!!!
Home
Help
Login
Register
It's May 28, 2024, 03:35:43 PM
Welcome,
Guest
. Please
login
or
register
.
Login
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
West Coast Connection Forum
|
DUBCC - Tha Connection
|
West Coast Classics
(Moderators:
Okka
,
Matty
) |
Lydia Harris Sued For $3 Million; $107 Million Judgment Could Be Tossed
« previous
next »
Print
Pages: [
1
]
Go Down
Author
Topic: Lydia Harris Sued For $3 Million; $107 Million Judgment Could Be Tossed (Read 143 times)
Styles1
Muthafuckin' Don!
Posts: 4502
Karma: 691
Lydia Harris Sued For $3 Million; $107 Million Judgment Could Be Tossed
«
on:
March 18, 2008, 11:38:31 AM »
Before some jackass types "this has already been posted", let me say now that I haven't seen the other thread... Now with that said...
http://allhiphop.com/stories/news/archive/2008/03/18/19486687.aspx
By Nolan Strong
The saga of Death Row Records has taken another twist, as the woman who won a default judgment that sent the record label into bankruptcy is being sued for fraud and breach of contract.
Harris assigned a $107 million dollar default judgment she won against Death Row Records in 2005 to Conquest Media Group in return for a fee of $3 million dollars.
When she assigned the agreement, Harris told Conquest Media Group that she had never filed for bankruptcy.
Knight’s attorneys are seeking to have the judgment set aside, after finding out the Harris’ filed for bankruptcy in 1998, which they allegedly attempted to conceal.
In the 1998 bankruptcy filing, the Harris’ never claimed Death Row as an asset, despite their contention of owning a stake in the label since its inception in 1991.
Conquest is now suing Harris for fraud and breach of contract because of the 1998 bankruptcy filing and the company is seeking the return of the $3 million dollars.
Lydia Harris won a $107 million dollar default judgment against Death Row Records in 2005, claiming that her then-husband, incarcerated drug dealer Michael "Harry-O" Harris, provided $1.5 million dollars in seed money to start the gangsta rap label.
The Harris’ emerged victorious because Knight refused to appear in court on a number of dates to answer questions about the label’s finances.
Knight filed for Chapter 11 bankruptcy in April of 2006, to avoid paying the default judgment.
Knight lost control of Death Row Records in March of 2006, when a court-appointed trustee was assigned to manage the label’s bankruptcy proceedings, which include auctioning off assets like classic recordings by artists Tupac Shakur, Dr. Dre, Snoop Dogg, Tha Dogg Pound and others.
Michael "Harry-O" Harris is a former cocaine kingpin who is serving 28-years in prison for conspiracy to commit murder and drug trafficking.
Harris was known for investing his drug proceeds into a number of legitimate ventures including a 1987 play titled Checkmates that starred Denzel Washington.
Logged
SENIOR WRITER FOR WWW.ALLHIPHOP.COM
WWW.TWITTER.COM/TIM_SANCHEZ
The "Untouchable" DJR
Muthafuckin' Don!
Posts: 3398
Karma: 454
Re: Lydia Harris Sued For $3 Million; $107 Million Judgment Could Be Tossed
«
Reply #1 on:
March 18, 2008, 12:01:27 PM »
Whatever happened to that federal court hearing on the 6th of March?
Logged
~Loyalty Is Everything~
Styles1
Muthafuckin' Don!
Posts: 4502
Karma: 691
Re: Lydia Harris Sued For $3 Million; $107 Million Judgment Could Be Tossed
«
Reply #2 on:
March 18, 2008, 12:28:43 PM »
Not sure... if I find anything on it, I'll let ya know...
Logged
SENIOR WRITER FOR WWW.ALLHIPHOP.COM
WWW.TWITTER.COM/TIM_SANCHEZ
The Real Kilo2
Guest
Re: Lydia Harris Sued For $3 Million; $107 Million Judgment Could Be Tossed
«
Reply #3 on:
March 18, 2008, 04:22:47 PM »
If it gets tossed out, I will be a very happy man.
Logged
Print
Pages: [
1
]
Go Up
« previous
next »
West Coast Connection Forum
|
DUBCC - Tha Connection
|
West Coast Classics
(Moderators:
Okka
,
Matty
) |
Lydia Harris Sued For $3 Million; $107 Million Judgment Could Be Tossed
There was an error while thanking
Thanking...