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by Ed Keeble

Tags: Dr Dre 

Dr. Dre and Jimmy Iovine sued over alleged Beats deal misconduct

The complaint states a sham deal was orchestrated

 

Dr. Dre Beats lawsuit alleges monster audio double cross Photo:

Dr. Dre and Jimmy Iovine are being sued for alleged misconduct with Beats audio leading into the deal with Apple. 

A complaint filed with the courts alleges that the duo swindled Noel Lee, of audio-cable making firm Monster out of his part of the company. Originally Lee owned 5% of the company as part of a partnership between his company and Dre's.

Things took an supposed underhanded turn however when Jimmy Iovine and Dre organised a "sham" deal that effectively terminated the Monster and Beats partnership. The suit filed at San Mateo Superior Court yesterday (6 January), states that Lee was swindled out of tens of millions of dollars by the maneuvering. 

Following the disbandment of the partners, Dre. and Iovine entered negoatiations with Apple, securing a deal that would eventually net them $3 billion.

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