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Business News Legal
More on the latest Death Row lawsuit
By CMU Editorial | Published on Monday 30 November 2009
More on the latest Death Row Records lawsuit now. As previously reported, just because founder Suge Knight is no longer involved in the seminal hip hop label hasn’t stopped the controversies.
Lara Lavi, who led the second acquisition of the label after its 2006 bankruptcy (the first acquisition having fallen through) is suing her financial partners in the takeover claiming they diverted company assets without her knowledge and were guilty of other “fraudulent, self-dealing actions”.
Well, it seems Lavi’s backers, New Solutions, tried to fire her as CEO of Death Row earlier this month, which possibly resulted in the court action being launched in the first place. Lavi seemingly questions New Solutions’ power to dismiss her.
A judge held a prelim hearing on the case last week, and issued a temporary restraining order against New Solutions, I think stopping them from making an deals on behalf of Death Row ahead of a proper court hearing later this week. Lavi was asked to file a $2 million “undertaking” ahead of the hearing for reasons I’m not entirely sure of.
Lavi has told Billboard she’s not now allowed to comment on the case. Presumably we’ll learn more about what’s been going on once the court hearing begins on Thursday.
