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
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