Dr. Dre and record producer/ Interscope co-founder Jimmy Iovine are being toted as scam artists in a recent lawsuit alleging the duo duped one of their former partners in Beat Electronics before selling the trendy headphone maker to Apple for $3 billion last year.
The complaint filed Tuesday (Jan. 6) in San Mateo Superior Court accuses Dre and Iovine of double-crossing Noel Lee, the founder of audio cable maker Monster.
Lee once held a 5 percent stake in Beats as part of a partnership between the headphone maker and Monster that ended in 2012. The lawsuit alleges Dre and Iovine orchestrated a “sham” deal that helped terminate the Monster alliance.
The suit alleges the shady maneuvering cost Lee tens of millions of dollars.
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