AP reports that an LA judge has dismissed a claim by Monster founder and former Beats shareholder that the company tricked him out of his share of the company prior to its acquisition by Apple. Noel Lee had claimed that double-dealing and misrepresentation by Dr. Dre and Jimmy Iovine cost him a between $30M and $150M.
Lee filed the lawsuit back in January of 2015, making two main claims against Beats. The first alleged that the company entered a ‘sham’ deal with a smartphone maker, selling 51% of the company to HTC before later buying it back. The sale triggered a clause in the contract that ended the partnership between Beats and Monster …
more…Filed under: Apple
