Music News

Judge takes Death Row away from Suge Knight

By M&C News Jul 11, 2006, 12:24 GMT

Marion “Suge” Knight lost control of his Death Row Records label following a ruling by a judge that ordered a bankruptcy-trustee to oversee all financial matters due to a history of the label being improperly managed in accounting matters. It is reported that the label has anywhere from $1 to $10 million in assets, but more than $100 million in debts. The ruling was made on Friday, July 7th by Judge Ellen Carroll – who found that the label finances were in “disarray” after Knight had testified that he hadn’t been hands on with the label’s finances in about ten years.Suge Knight’s attorney argued against the judge’s statements by pointing out that Knight had renamed the struggling record label ‘Tha Row’ and was working on a distrubution deal for Death Row’s impressive rap catalog – which includes albums by the late Tupac Shakur along with hit rappers Snoop Dogg and Dr. Dre.Suge Knige had filed for bankruptcy protection in April of 2006 to attempt to stop the State Court from trying to place a receive in Death Row Records – due to Knight missing court dates in a lawsuit filed against him by Michael and Lydia Harris. The couple have claimed that they own 50% of the gangster rap label.In that lawsuit, the couple have claimed that they invested $1.5 million dollars to help start up the label. A judge had awarded a default judgment of $107 million following Knight’s failure to give the court information on the label’s finances.

On the Web

Blowing Up Blogs

Place your ad here
Loading...

Dr. Dre - View Dr. Dre Pictures - Dr. Dre News

Snoop Dogg - View Snoop Dogg Pictures - Snoop Dogg News

Suge - View Suge Pictures - Suge News

Tupac Shakur - View Tupac Shakur Pictures - Tupac Shakur News

Click to launch this Tupac Shakur gallery

Your Talkback on this Story

Latest Headlines in Music

Older Talkback

page: 1

miguelSep 15th, 2006 - 04:15:47

That Bullshit Give As Back Death Row

Report this comment

page: 1

Like M&C on Facebook

Custom Search

Viral Web

In Monsters and Critics

: Arts; Books; DVD; Gaming; Lifestyle; Movies; Music; News; People; Science & Nature; Sport; TV; Archives
Other Languages and Sites: Deutschland (Monsters and Critics); The Tech Herald; Free Games Herald; XPRNC; Deutschland (Der Technikbote); Deutschland (Bellalu)

Entertainment: Arts; Books; DVD; Gaming; Movies; Music; People; Soundtracks; TV
Media: Celebrity Photos; Movie Pictures; Movie Trailers; Movie Posters; Theatre Stills
Released this week: Movies - USA; Movies - UK; DVD - USA
Distractions: Online Games; Daily Crossword; Sudoku Classic; Daily Jigsaw

World News: US; UK; Americas; Europe; Middle East; Asia Pacific; South Asia; Africa; Business; Education; Health
Science and Tech: Science and Nature; Technology
Lifestyle: Autos; Fashion; Life; Travel

Corporate

: About; Advertise; Contact; The Team; Vacancies; Privacy; RSS; Site Map; Terms; Webmasters

The Fine Print

© 2003 - 2012 by Monsters and Critics.com, WotR Ltd. All Rights Reserved. All photos are copyright their respective owners and are used under license or with permission. * Note M&C cannot be held responsible for the content on other Web Sites.

Servers supplied by Servint