Dre and Iovine Sued Over Royalties

Did anyone really think the sale of Beats By Dre Headphones to Apple for $3.2 billion would just happen without ANY issues?

Meet Steven Lamar. Former hedge fund manager, founder of Jibe audio and oh yeah, the co-founder of Beats Headphones. Seems like Mr. Lamar feels like he’s not getting a big enough slice of the pie and has filed a suit against Dr. Dre and Jimmy Iovine which asks for as much as 4% in royalties from all sales.

Unsurprisingly this isn’t the first time this trio has faced off in court.

Check out the whole sordid history at The Guardian.

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