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Friday, July 18, 2008

NEW OWNERS OF DEATH ROW SLAMS LAWSUIT!



After completing a $24 million dollar acquisition of Death Row Records, Global Music Group was hit with a $25 million dollar lawsuit from venture
capitalist Ron Goldberg, who claimed to have been illegally cut out of the deal by his partners.

In an recent statement, the Global Music group disclosed their stance on the lawsuit and the details of the acquisition.

“We represent Global Music Group, Inc, a New York Corporation which was the successful bidder at the auction of the assets of the bankruptcy estates of Death Row Records, Inc., and Marion Knight, Jr,” explained Roger Muse, a partner at the Beverly Hills business and entertainment law firm of Muse Methany. “My client and its principals put up all the money necessary to make the bid and were successfully present at the Bankruptcy auction to make that successful bid.”

Muse also states that Ron Goldberg was never a member of Global Music Group, or recruited investors for the company as he alleges in his lawsuit.

“Mr. Goldberg is not a principal of Global Music Group Inc., a New York corporation, nor does he have any ownership in that company or in its assets, including the Death Row assets subject to the company’s court-approved bid,” Muse explicates. “Mr. Goldberg has apparently filed a Delaware corporation under the same name of my client; but of course anyone can file a corporation in any state under any name as long as the name is not then in use in that state by another corporation. Mr. Goldberg’s claim that it is his Delaware Global Music Group was the ‘true’ bidder of the bankruptcy assets simply has no merit.”

COMMON GEARING UP FOR HIS NINTH STUDIO ALBUM

Already staring in American Gangster, Wanted and Smokin Aces, Common is continuing his acting career with a role in the new installment in the Terminator series called Salvation. Although the film isn’t hitting the world till May 22nd, 2009, buzz is already started when a teaser trailer hit the internet yesterday. Currently in New Mexico filming for the movie, Common is also finishing up his ninth album called Invincible Summer. “I feel more free now that I’m doing more movies and stuff, to just put out music that I love and I believe in and get it out there,” stated Common about his music.

The new album, due out in September, will be produced by Mr. DJ and hit making duo, The Neptunes. In related news, Common recently performed “Gladiator” live.

Email Dr. Drew your News, Tips, Rumours, Comments, or Business Inquiries at
Info@DrewReports.com
Posted by DrewReports.com Staff at Friday, July 18, 2008
Permalink | | TrackBack URL « I GUESS T.I. IS JUST TAKING HIS TIME TO MAKE SURE IT IS RIGHT?! KERRY RHODES CHARITY EVENT »

One Response to “NEW OWNERS OF DEATH ROW SLAMS LAWSUIT!”

  1. lawred, on July 20th, 2008 at 9:51 am Said:

    He is cool rock guy~~I enjoy his music~~~you guys can check my coments uner his blog at Richromances.com which a site for celebbrities and beautiful people

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