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#ProNews: Dr. Dre & Jimmy Iovine Sued Over Beats Electronics

 
Posted May 23rd, 2014 @ 6:16pm

Hedge-fun manager Steven Lamar is seeking 4% of the pending $3.2b Beats Electronic sale to Apple. According to Lamar, he is suing over "breaching the terms of the settlement agreement and royalty agreement" 

This is not the first time they have sued on another. Each sued the other in 2006 over the idea of celebrity endorsed headphones. Lamar claimed in his suit he came up with the idea while Dre and Iovine sued Lamar and others for not fulfilling there part of a previous agreement regarding Beats.

PhotoCredit: GettyImages

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