The saga of Death
Row Records continues as the label's founder Marion "Suge" Knight is
seeking bankruptcy protection for himself and the pioneering record label.
Laurence Strick told the Associated Press that the mogul was filing bankruptcy
protection in an attempt to reorganize his financial affairs.
Death Row is also
at the center of a legal battle involving Knight, incarcerated drug dealer Michael
"Harry-O" Harris and his estranged wife Lydia Harris.
Harry-O, who is
serving a 28-year sentence in San Quentin prison, claims he invested $1.5 million
in the label through Knight's attorney David Kenner.
In March 2005,
Knight was ordered to pay Mrs. Harris $107 million because Knight failed to
show up to numerous court proceedings to disclose his assets. Knight recently
missed another date this past Saturday (April 1).
doesn't have 107 million dollars," Strick said. "It remains to be
seen what becomes of Death Row."
The label owns
a catalog of multiplatinum albums from Dr. Dre, Tha Dogg Pound, Snoop Dogg and
Tupac Shakur, the best selling rapper of all time.
A judge warned
Knight that if he missed Saturday's hearing to disclose his assets, the label
would be placed into receivership.
According to Knight's
attorney, filing for bankruptcy protection temporarily prevents Knight from
losing ownership of the label.
for divorce from his wife Lydia shortly after the judgment was issued and is
seeking half of the $107 million that was awarded his wife in March.