- View Comments
- Share with Shortlink:
Venture capitalist Ron Goldberg officially filed suit Tuesday (September 30) against several former business partners, alleging they conspired with new Death Row owners Global Music Group to cut him out of the winning June $24 million dollar bid.
In the lawsuit, Goldberg claims that several investors he recruited, including the financing institution MicroBanc, LLC, conspired with other unknown parties to close the deal without his knowledge.
Death Rows valuable back catalogue went to auction this past summer due to founder Suge Knight filing Chapter 11 bankruptcy protection in 2006.
Knights bankruptcy was primarily the result of losing a $100 million dollar lawsuit to Lydia Harris, who successfully argued she and her husband financed the companys 1991 launch.
The June auction sale is also being challenged by Suge Knights estate and the Death Row trustees, who filed a lawsuit in August claiming the sale was invalid due to Global Music Group failing to supply the $24 million sales price by the July 29 deadline.
Once resolved by the courts, the owners of Death Row will retain the rights to the labels entire back catalogue of albums, videos, and unreleased tracks from Dr. Dre, Tupac Shakur, Tha Dogg Pound, The Lady of Rage, and others.
To date, the fallen label giant has sold close to 50 million records worldwide and generated over $750 million in revenue.

Young Jeezy Ft. Jay-Z, Drake and Andre 3000 “I Do Remix”
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”
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”
Young Jeezy Ft. Jay-Z, Drake and Andre 3000 “I Do Remix”
Cam’ron Ft. Yummy “So Bad”
Meek Mill Ft. Young Buck “Lean Wit It”
Domo Genesis Ft. Wiz Khalifa “Ground Up”
HEATER OF THE DAY: LE$ Ft. Slim Thug, Mac Miller and Dom Kennedy “Doing My Thang”