Dr. Dre & Jimmy Iovine Have To Pay Up In Beats Lawsuit

A jury ruled that Dr. Dre and Jimmy Iovine have to cough up over $25 million dollars for their former business partner. Steven Lamar was able to successfully argue that the two had tried to cut him out of his share of the royalties for Beats headphones. 

 

Apparently Steven’s original agreement had been with Dre and jimmy Beats. When Apple acquired the company in 2014 for $3 billion dollars, he felt he was owed royalties for the products he developed. He originally filed suit in 2016. 

The way the jury saw it, Lamar was owed over $7 million dollars for the Studio 2/Remastered headphones, $14 million dollars for the Studio 2 Wireless version, and another $2 million bucks for the Studio 3 cans. 

Source: The Blast

 
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