Lawsuit alleges Dr. Dre, Jimmy Iovine swindled Beats partner

The complaint filed Tuesday in San Mateo Superior Court accuses Dre and Iovine of double crossing Noel Lee, the founder of audio cable maker Monster.

Lee once held a 5 percent stake in Beats as part of a partnership between the headphone maker and Monster that ended in 2012. The lawsuit alleges Dre and Iovine orchestrated a “sham” deal that helped terminate the Monster alliance.

The suit alleges the shady maneuvering costs Lee tens of millions of dollars.

Apple Inc. declined to comment on the lawsuit.

Article Appeared @http://www.ktvu.com/story/27778665/lawsuit-alleges-dr-dre-jimmy-iovine-swindled-beats-partner

 

Leave a Reply

Your email address will not be published. Required fields are marked *