Dr Dre Ordered to Pay $25 Million

June 28, 2018

USA Today

from rhymeswithsnitch

Dr. Dre and Jimmy Iovine ordered to pay former partner $25 million...

From Variety

Beats Electronics cofounders Dr. Dre and Jimmy Iovine were hit with a $25 million verdict in favor of former business partner Steven Lamar in a Los Angeles Superior Court on Wednesday, according to reports in The Hollywood Reporter and other media outlets. In a 2016 lawsuit, Lamar and Jibe audio sought $100 million, alleging breach of contract over royalties for headphones’ original design.

An L.A. jury awarded Lamar $25,247,350 after ruling the Dre and Iovine had not compensated him for design work he did on three headphone models; the pair had previously argued he was only owned royalties on one model, based on a 2007 agreement that specified only one model.