Jury: Dr. Dre’s Beats headphones owes ex-partner $25 million
6 years, 6 months ago

Jury: Dr. Dre’s Beats headphones owes ex-partner $25 million

Associated Press  

LOS ANGELES — A jury on Wednesday found that Dr. Dre, music mogul Jimmy Iovine and their headphone company Beats Electronics LLC owe a former partner $25.2 million in royalties. The Los Angeles Superior Court jury found Wednesday by a 9-3 margin that Beats breached a contract with Steven Lamar and his company Jibe Audio. The suit said Lamar in 2006 came to Dr. Dre, whose real name is Andre Young, with the idea for celebrity-endorsed headphones. “The jury really validated our theory of the case, that Mr. Lamar was involved in the founding of Beats,” Lamar’s attorney Stephen E. Morrissey said outside court.

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