JURY: DR. DRE’S BEATS HEADPHONES OWES EX-PARTNER $25.2M
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A jury on Wednesday found that Dr. Dre, music mogul Jimmy Iovine and their headphone company Beats Electronics owe a former partner $25.2 million in royalties.
The Los Angeles Superior Court jury found Wednesday by a narrow 9-3 margin that Beats breached a contract with Steven Lamar and his company Jibe Audio.
Dr. Dre and Iovine, the music producer and co-founder of Interscope Records, were not in court for the verdict. Both testified during the three-week trial and sat in the audience for opening statements.
The suit said Lamar in 2006 came to Dr. Dre,idea for celebrity-endorsed headphones. Attorneys for Lamar contended he was owed over $130 million for a dozen different models of headphones.
