Thursday, July 17, 2008

Big Fight Over Death Row

Despite a high profile acquisition of Death Row Records by Global Music Group, the legal woes for the former Hip-Hop giant continues, as venture capitalist Ron Goldberg is suing the new owners for $25 million. Goldberg alleged in Superior Court that the investors he recruited for the acquisition conspired with Global Music Group president Anthony Marotta and closed the deal without his knowledge.

He also names Susan Berg and Reggie Bush of RSB Investment Strategies as parties he recruited for the deal. Global Music Group acquired Death Row Records for $24 million just weeks ago, on June 24. Goldberg further claims that the investors and Marotta used “confidential know-how, data, techniques, and contacts” that Goldberg himself had polished and refined for the deal. Death Row Records was founded in 1991 by Dr. Dre and Marion “Suge” Knight.