Supreme Court Refuses TVT Appeal Of Def Jam Ruling

The United States

Supreme Court has decided against hearing a petition filed by TVT Records to

overturn a legal decision, which voided a $132 million jury verdict to TVT from

Island Def Jam Music Group (IDJMG).

According to reports, the decision comes after a June 2005 ruling by the 2nd

U.S. Circuit Court of Appeals, which found that TVT’s claims of unsavory

business tactics, including the charge of fraud, were without merit.

The lawsuit stems from allegations made by TVT, which accused IDJMG and Lyor

Cohen of unsavory business tactics and fraud, over an unreleased album by Ja

Rule’s group Cash Money Click.

According to court records, TVT claimed that IDJMG and Cohen sabotaged the Cash

Money Click album by blocking the release as not to interfere with Ja Rule’s

Def Jam release, which was scheduled to be in stores around the same time.

In March of 2003, a jury awarded TVT $132 million in punitive and compensatory

damages against IDJMG, finding Cohen personally responsible for $56 million

in damages.

That award was overturned in 2003 and Cohen’s punitive damages were cut from

$56 million dollars to $3 million, while IDJMG was ordered to pay $50 million

dollars.

TVT was eventually

awarded $126,720 for a breach of contract claim, which IDJMG and Cohen did not

appeal.

Cohen has since

left IDJMG and is now Chairman and CEO of Warner Music Group, responsible for

all aspects of WMG’s U.S. recorded-music operations.

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