- View Comments
- Share with Shortlink:
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.
At its peak in 1995, the label was home to Tupac, Snoop Dogg, Tha Dogg Pound, The Lady of Rage, DJ Quik and many other West Coast stars.
Following the untimely death of Tupac Shakur in 1996 and the subsequent departures of Dr. Dre and Snoop Dogg, the label began a tumultuous decline behind unpaid royalties, inaccurate accounting practices, and Suge Knights periodic incarcerations.
Knight filed for Chapter 11 bankruptcy protection in April 2006, after losing a $100 million lawsuit to Death Rows contested silent partners, Lydia and Michael Harry-O Harris.
Global Music Groups $24 million acquisition gives the company all of Death Rows assets, including its masters.

J-Dilla Remembered by Hip-Hop Fans Worldwide; Honored in Detroit with ‘Dilla Day’
EXCLUSIVE: Rap Legend Erick Sermon’s Journey to a Heart Attack and Back
French Montana Talks Diddy “Payoff”, Future of DVDs & Max B., His Love & His Hip-Hop Crush
Top 5 Hip-Hop Moments with Don Cornelius and Soul Train
Watch The Don Cornelius & Soul Train Documentary – A Must SEE!
Hip Hopular Opinion Hosted by Juice aka Ike Love- Suite 302
Hip-Hop Rumors: 2 Chainz Secretly Signed To Def Jam!
EXCLUSIVE: De La Soul’s Plug 1 & Plug 2 Present ‘First Serve,’ “Looks Like We Made It Skit”
Alley Boy Denies Beef with T.I. and Young Jeezy
Slum Village Co-Founder T3 Launches New Men’s Health Initiative
Leaders Call Barack Talk 2012 a Success with Over 32,000 Viewers Tuning In
Exclusive: Songwriter Sues Over B.o.B’s Hit Single “Airplanes”
Prodigy Ft. Cory Gunz “Great Spitters” Prod. By Havoc
Twista “Purple Swag Freestyle”
Paul Wall Ft. Killa Kyleon “Bread On The Menu”
Joell Ortiz [BGA] Ft. Jim Jones and Iffy The Badman “I Want It All Remix”
HEATER OF THE DAY: Action Bronson Ft. Rockie Fresh and Macie Stewart “Dear Heather”
Kenneth ‘Supreme’ McGriff Spared Death Penalty