Monster Headphones Sues Beats By Dr. Dre, Claiming Fraud Monster has sued Beats By Dre, a move which could result in an epic legal battle over the rival headphone companies. Monster was the original co-designer of Beats By Dr. Dre and also invented the technology, according to Monster CEO Noel Lee. In a lawsuit acquired by USA Today, Lee charges that “Iovine and Dre (Andre Young) committed fraud in pirating the headphones away from Lee and Monster.” Lee says, in papers filed in San Mateo (Calif.) County Superior Court, that Beats Electronics, Beats By Dre’s parent company, hid the comprehensive totality of his and Monster’s role in the creation of his eventual rival. Apple bought Beats for $3 million after they severed ties with Lee. To further punctuate the matter, Lee once had a 5% stake in Beats, but wasn’t able to participate in the millions of dollars earned in the buy-out. He would have made roughly $100, the lawsuit says. In 2013, Dre and Jimmy Iovine bought back Beats and then it was purchased by Apple a year later.
Posted on: Sat, 10 Jan 2015 18:35:19 +0000
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