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Dre Dre's Former Business Partner Claims Dre CHEATED Him Out Of 100 Million Dollars?!?!
Posted
June 9, 2018
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2:25Now PlayingAccording to reports, a trial has begun at the Los Angeles Supreme Court Friday after entrepreneur Steven Lamar claims to be left out on $100 million dollar in royalties from Dr. Dre, Jimmy Iovine & the Beats Headphones.
Lamar, who’s suing the trio, claims it was him who proposed a line of celebrity-endorsed headphones to Dr. Dre & Iovine back in 2006 that was based on a design by Robert Brunner, a renowned industrial designer.
However the guys had a fallen out in the early years, which left Dre and Iovine to sue Lamar for breaching contract. This prior lawsuit then led to a settlement where Lamar relinquished rights in exchange for a four percent royalty on every headphone sold by Monster and its affiliates. After the settlement, Beats released new headphone models and began paying a two percent royalty to Brunner until sometime in 2014 when Beats bought out Brunner's interest. Dre and Iovine would later sell Beats to Apple for $3 billion.
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